Bank of America Corp DE lifted its holdings in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) by 220.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,715,834 shares of the financial services provider's stock after buying an additional 1,180,482 shares during the period. Bank of America Corp DE owned 1.14% of BlackRock MuniYield Quality Fund worth $18,840,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $32,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund in the 4th quarter valued at approximately $32,000. Geneos Wealth Management Inc. acquired a new stake in shares of BlackRock MuniYield Quality Fund in the first quarter worth $34,000. Fifth Third Bancorp purchased a new position in BlackRock MuniYield Quality Fund during the 1st quarter valued at about $54,000. Finally, Elyxium Wealth LLC purchased a new position in BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $69,000. Institutional investors own 25.51% of the company's stock.
BlackRock MuniYield Quality Fund Stock Up 0.3%
Shares of MQY stock opened at $11.19 on Thursday. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $10.84 and a fifty-two week high of $11.94. The stock's 50-day moving average is $11.42 and its two-hundred day moving average is $11.43.
BlackRock MuniYield Quality Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.058 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.
BlackRock MuniYield Quality Fund Company Profile
(
Free Report)
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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