Ameriprise Financial Inc. Sells 25,448 Shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Ameriprise Financial Inc. trimmed its position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,525 shares of the financial services provider's stock after selling 25,448 shares during the period. Ameriprise Financial Inc. owned 0.14% of BlackRock MuniYield Quality Fund worth $1,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in BlackRock MuniYield Quality Fund in the 4th quarter worth approximately $29,000. Assetmark Inc. bought a new stake in shares of BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $37,000. Signaturefd LLC purchased a new position in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth $58,000. Mystic Asset Management Inc. bought a new position in shares of BlackRock MuniYield Quality Fund during the fourth quarter worth $122,000. Finally, Two Sigma Securities LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the fourth quarter worth $124,000. 25.51% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund Stock Performance

MQY traded up $0.03 during trading on Thursday, hitting $11.03. 76,269 shares of the company traded hands, compared to its average volume of 182,521. The stock's 50-day simple moving average is $11.10 and its two-hundred day simple moving average is $11.68. BlackRock MuniYield Quality Fund, Inc. has a 1 year low of $10.52 and a 1 year high of $13.29.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.058 per share. The ex-dividend date is Friday, June 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.31%.

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.