BlackRock MuniYield Quality Fund, Inc. $MQY Stock Holdings Lifted by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon increased its MQY position by 493.7% in the first quarter, holding 121,623 shares valued at approximately $1.335 million. Institutional investors collectively own 25.51% of the fund.
• MQY shares opened at $11.32, compared with a 52-week range of $10.84 to $11.94; both its 50-day and 200-day moving averages were $11.44.
• The fund declared a monthly dividend of $0.058 per share, implying a 6.1% annualized yield. MQY invests primarily in investment-grade municipal bonds and aims to generate federally tax-exempt income.

Bank of New York Mellon Corp lifted its position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) by 493.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 121,623 shares of the financial services provider's stock after acquiring an additional 101,139 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.08% of BlackRock MuniYield Quality Fund worth $1,335,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC increased its stake in BlackRock MuniYield Quality Fund by 6.2% in the 4th quarter. Clear Creek Financial Management LLC now owns 17,111 shares of the financial services provider's stock valued at $193,000 after buying an additional 1,000 shares during the period. Primoris Wealth Advisors LLC increased its stake in shares of BlackRock MuniYield Quality Fund by 2.2% in the fourth quarter. Primoris Wealth Advisors LLC now owns 46,101 shares of the financial services provider's stock worth $521,000 after acquiring an additional 1,001 shares during the last quarter. World Investment Advisors raised its holdings in shares of BlackRock MuniYield Quality Fund by 19.3% during the fourth quarter. World Investment Advisors now owns 13,512 shares of the financial services provider's stock worth $153,000 after acquiring an additional 2,190 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in BlackRock MuniYield Quality Fund during the fourth quarter valued at $32,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 25.51% of the company's stock.

BlackRock MuniYield Quality Fund Stock Performance

Shares of NYSE MQY opened at $11.32 on Wednesday. BlackRock MuniYield Quality Fund, Inc. has a one year low of $10.84 and a one year high of $11.94. The business's 50-day moving average price is $11.44 and its two-hundred day moving average price is $11.44.

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 paid a $0.058 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock MuniYield Quality Fund Profile

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.

Want to see what other hedge funds are holding MQY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report).

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