Bank of America Corp DE Buys New Holdings in BlackRock MuniYield Quality Fund, Inc. $MQY

Key Points

• Bank of America purchased 103,065 shares of BlackRock MuniYield Quality Fund (MQY) during the second quarter, valued at approximately $1.17 million and representing about 0.07% of the fund.
• Institutional interest increased, led by RiverNorth Capital Management’s 223.8% stake expansion and Cetera Investment Advisers’ 500.5% increase; institutions collectively owned 25.51% of MQY.
• MQY was trading at $10.05, near its 52-week low, while maintaining a monthly dividend of $0.058 per share, equivalent to an annualized yield of approximately 6.9%.

Bank of America Corp DE purchased a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 103,065 shares of the financial services provider's stock, valued at approximately $1,172,000. Bank of America Corp DE owned about 0.07% of BlackRock MuniYield Quality Fund at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rivernorth Capital Management LLC grew its stake in shares of BlackRock MuniYield Quality Fund by 223.8% during the first 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 during the last quarter. Rareview Capital LLC purchased a new stake in BlackRock MuniYield Quality Fund during the 1st quarter valued at about $4,930,000. Cetera Investment Advisers boosted its holdings in BlackRock MuniYield Quality Fund by 500.5% during the 1st quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider's stock valued at $3,443,000 after acquiring an additional 261,344 shares during the period. Cura Wealth Advisors LLC bought a new position in BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $3,120,000. Finally, Rockefeller Capital Management L.P. grew its position in BlackRock MuniYield Quality Fund by 12.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 235,591 shares of the financial services provider's stock worth $2,662,000 after acquiring an additional 25,533 shares during the last quarter. 25.51% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Price Performance

NYSE:MQY opened at $10.05 on Friday. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $11.94. The business has a 50 day moving average price of $10.84 and a 200-day moving average price of $11.19.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a $0.0580 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniYield Quality Fund Profile

BlackRock MuniYield Quality Fund, Inc NYSE: MQY is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide current income that is exempt from regular U.S. federal income tax, with capital appreciation as a secondary objective.

The fund invests primarily in long-term municipal obligations issued by states, municipalities, and other governmental entities throughout the United States. Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt securities used to finance public infrastructure and services.

As a national municipal bond fund, BlackRock MuniYield Quality Fund generally invests across multiple U.S.

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