BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC lessened its holdings in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) by 17.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,569,786 shares of the financial services provider's stock after selling 553,759 shares during the period. BlackRock MuniYield Quality Fund makes up 1.7% of Rivernorth Capital Management LLC's investment portfolio, making the stock its 17th largest position. Rivernorth Capital Management LLC owned 3.52% of BlackRock MuniYield Quality Fund worth $33,690,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. TruNorth Capital Management LLC purchased a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter worth about $26,000. Clear Creek Financial Management LLC purchased a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter worth about $154,000. Bank of New York Mellon Corp increased its holdings in BlackRock MuniYield Quality Fund by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 61,144 shares of the financial services provider's stock worth $751,000 after purchasing an additional 2,771 shares during the period. Rothschild Investment LLC purchased a new position in shares of BlackRock MuniYield Quality Fund in the 2nd quarter valued at about $378,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of BlackRock MuniYield Quality Fund by 20.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 73,737 shares of the financial services provider's stock valued at $906,000 after acquiring an additional 12,558 shares during the last quarter. Institutional investors and hedge funds own 25.51% of the company's stock.

BlackRock MuniYield Quality Fund Trading Down 0.5 %

Shares of MQY traded down $0.06 during mid-day trading on Thursday, reaching $12.72. The company's stock had a trading volume of 52,203 shares, compared to its average volume of 153,330. BlackRock MuniYield Quality Fund, Inc. has a 12-month low of $11.60 and a 12-month high of $13.29. The company's 50 day moving average is $12.71 and its 200 day moving average is $12.52.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.058 per share. The ex-dividend date was Friday, November 15th. This represents a $0.70 dividend on an annualized basis and a yield of 5.47%.

About BlackRock MuniYield Quality Fund

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.