Rivernorth Capital Management LLC decreased its holdings in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) by 17.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,569,786 shares of the financial services provider's stock after selling 553,759 shares during the quarter. BlackRock MuniYield Quality Fund comprises about 1.6% of Rivernorth Capital Management LLC's portfolio, making the stock its 16th biggest position. Rivernorth Capital Management LLC owned approximately 3.52% of BlackRock MuniYield Quality Fund worth $33,690,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Larson Financial Group LLC purchased a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $34,000. Luken Investment Analytics LLC acquired a new position in shares of BlackRock MuniYield Quality Fund in the 2nd quarter valued at $48,000. Clear Creek Financial Management LLC acquired a new position in shares of BlackRock MuniYield Quality Fund in the 2nd quarter valued at $154,000. Stifel Financial Corp purchased a new position in BlackRock MuniYield Quality Fund in the 3rd quarter worth $187,000. Finally, Primoris Wealth Advisors LLC lifted its position in BlackRock MuniYield Quality Fund by 56.0% during the 2nd quarter. Primoris Wealth Advisors LLC now owns 19,500 shares of the financial services provider's stock worth $239,000 after acquiring an additional 7,000 shares during the period. 25.51% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniYield Quality Fund Stock Down 0.9 %
Shares of MQY stock traded down $0.11 during mid-day trading on Friday, reaching $12.56. The stock had a trading volume of 236,258 shares, compared to its average volume of 154,833. BlackRock MuniYield Quality Fund, Inc. has a 1-year low of $11.72 and a 1-year high of $13.29. The business's fifty day moving average is $12.66 and its 200-day moving average is $12.55.
BlackRock MuniYield Quality Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.70 annualized dividend and a yield of 5.54%.
BlackRock MuniYield Quality Fund Profile
(
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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