Bank of New York Mellon Corp lessened its stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) by 54.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,199 shares of the financial services provider's stock after selling 34,173 shares during the period. Bank of New York Mellon Corp's holdings in BlackRock MuniYield Quality Fund were worth $325,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MQY. Fifth Third Bancorp purchased a new position in BlackRock MuniYield Quality Fund in the fourth quarter valued at about $29,000. Larson Financial Group LLC boosted its holdings in shares of BlackRock MuniYield Quality Fund by 226.3% in the 3rd quarter. Larson Financial Group LLC now owns 9,135 shares of the financial services provider's stock valued at $120,000 after buying an additional 6,335 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of BlackRock MuniYield Quality Fund in the 4th quarter worth approximately $132,000. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth approximately $160,000. Finally, Simon Quick Advisors LLC lifted its position in BlackRock MuniYield Quality Fund by 7.7% during the fourth quarter. Simon Quick Advisors LLC now owns 15,195 shares of the financial services provider's stock valued at $175,000 after acquiring an additional 1,088 shares during the last quarter. Institutional investors own 25.51% of the company's stock.
BlackRock MuniYield Quality Fund Price Performance
Shares of MQY traded down $0.08 during trading hours on Wednesday, reaching $11.75. 105,776 shares of the company traded hands, compared to its average volume of 172,923. The business has a fifty day moving average price of $11.86 and a 200-day moving average price of $12.24. BlackRock MuniYield Quality Fund, Inc. has a 12-month low of $11.43 and a 12-month high of $13.29.
BlackRock MuniYield Quality Fund Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date was Friday, March 14th.
About BlackRock MuniYield Quality Fund
(
Free Report)
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.
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