StoneX Group Inc. Takes Position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

StoneX Group Inc. bought a new stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 150,000 shares of the financial services provider's stock, valued at approximately $1,728,000. StoneX Group Inc. owned 0.21% of BlackRock MuniYield Quality Fund at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MQY. Hennion & Walsh Asset Management Inc. raised its stake in shares of BlackRock MuniYield Quality Fund by 35.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 934,768 shares of the financial services provider's stock worth $10,769,000 after buying an additional 242,500 shares during the period. Raymond James Financial Inc. acquired a new position in BlackRock MuniYield Quality Fund during the fourth quarter worth $2,558,000. Van ECK Associates Corp lifted its holdings in BlackRock MuniYield Quality Fund by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 430,019 shares of the financial services provider's stock valued at $4,954,000 after purchasing an additional 24,874 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of BlackRock MuniYield Quality Fund by 10.5% in the third quarter. Rockefeller Capital Management L.P. now owns 185,430 shares of the financial services provider's stock valued at $2,431,000 after purchasing an additional 17,695 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of BlackRock MuniYield Quality Fund by 18.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 111,109 shares of the financial services provider's stock worth $1,280,000 after purchasing an additional 17,470 shares in the last quarter. 25.51% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Price Performance

Shares of BlackRock MuniYield Quality Fund stock traded down $0.20 during mid-day trading on Friday, reaching $11.51. 211,649 shares of the stock traded hands, compared to its average volume of 173,056. The business has a 50-day moving average of $11.86 and a 200 day moving average of $12.22. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $11.43 and a fifty-two week high of $13.29.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.70 annualized dividend and a yield of 6.05%.

BlackRock MuniYield Quality Fund Profile

BlackRock MuniYield Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.