Bank of New York Mellon Corp Purchases New Shares in BlackRock MuniYield Quality Fund, Inc. $MQY

Key Points

• Bank of New York Mellon Corp acquired 100,201 shares of BlackRock MuniYield Quality Fund during the second quarter, worth approximately $1.16 million and representing 0.07% of the fund.
• Institutional interest increased, with several investors significantly expanding their positions; institutional investors collectively own 25.51% of MQY.
• MQY shares were trading at $10.69, down 1.3%, near the fund’s 52-week low of $10.66. The closed-end fund primarily invests in investment-grade municipal securities and seeks federally tax-exempt income.

Bank of New York Mellon Corp acquired a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 100,201 shares of the financial services provider's stock, valued at approximately $1,162,000. Bank of New York Mellon Corp owned 0.07% of BlackRock MuniYield Quality Fund at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of BlackRock MuniYield Quality Fund during the first quarter valued at about $2,660,000. Royal Bank of Canada lifted its holdings in BlackRock MuniYield Quality Fund by 181.0% in the first quarter. Royal Bank of Canada now owns 190,734 shares of the financial services provider's stock worth $2,094,000 after buying an additional 122,847 shares during the period. Bank of America Corp DE lifted its holdings in BlackRock MuniYield Quality Fund by 220.5% in the first quarter. Bank of America Corp DE now owns 1,715,834 shares of the financial services provider's stock worth $18,840,000 after buying an additional 1,180,482 shares during the period. NewEdge Advisors LLC boosted its position in BlackRock MuniYield Quality Fund by 271.9% during the 1st quarter. NewEdge Advisors LLC now owns 234,235 shares of the financial services provider's stock valued at $2,572,000 after acquiring an additional 171,251 shares in the last quarter. Finally, Rivernorth Capital Management LLC boosted its position in BlackRock MuniYield Quality Fund by 223.8% during 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 acquiring an additional 5,459,910 shares in the last quarter. 25.51% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund Trading Down 1.3%

MQY stock opened at $10.69 on Thursday. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $10.66 and a fifty-two week high of $11.94. The business's 50 day moving average price is $11.27 and its two-hundred day moving average price is $11.36.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund NYSE: MQY is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.

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