1,172,621 Shares in BlackRock MuniYield Quality Fund, Inc. $MQY Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 1,172,621 shares of BlackRock MuniYield Quality Fund during the second quarter, valued at approximately $13.0 million and representing a 0.78% stake.
• Several institutional investors increased or initiated positions, with institutional ownership reaching 25.51%; RiverNorth Capital Management boosted its holdings by 223.8%.
• MQY opened at $10.18, near its 52-week low, while the fund declared a monthly dividend of $0.058 per share, equating to an annualized yield of approximately 6.8%.

Bank of America Corp DE bought a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,172,621 shares of the financial services provider's stock, valued at approximately $13,028,000. Bank of America Corp DE owned 0.78% of BlackRock MuniYield Quality Fund at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Rivernorth Capital Management LLC increased its position in shares of BlackRock MuniYield Quality Fund by 223.8% in the 1st quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider's stock valued at $86,735,000 after buying an additional 5,459,910 shares in the last quarter. Rareview Capital LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the 1st quarter valued at about $4,930,000. Cura Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund in the 2nd quarter valued at approximately $3,120,000. Cetera Investment Advisers grew its position in shares of BlackRock MuniYield Quality Fund by 500.5% in the 1st quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider's stock valued at $3,443,000 after purchasing an additional 261,344 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $2,660,000. Institutional investors own 25.51% of the company's stock.

BlackRock MuniYield Quality Fund Price Performance

MQY opened at $10.18 on Friday. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $10.09 and a fifty-two week high of $11.94. The company's 50-day moving average is $10.98 and its 200 day moving average is $11.24.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.0580 per share. This represents a $0.70 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Friday, December 11th.

BlackRock MuniYield Quality Fund Profile

BlackRock MuniYield Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MQY. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal obligations issued by states, territories, municipalities and other governmental entities.

The fund generally invests in longer-term municipal bonds and may allocate assets across various sectors of the municipal market, including essential-service areas such as education, health care, transportation, utilities and public infrastructure.

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