Breakwater Capital Group bought a new position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 104,494 shares of the financial services provider's stock, valued at approximately $1,038,000. Breakwater Capital Group owned 0.07% of BlackRock MuniYield Quality Fund as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rivernorth Capital Management LLC lifted its position in shares of 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 worth $86,735,000 after buying an additional 5,459,910 shares in the last quarter. Bank of America Corp DE bought a new position in shares of BlackRock MuniYield Quality Fund in the second quarter worth $21,090,000. Van ECK Associates Corp increased its stake in BlackRock MuniYield Quality Fund by 2.6% in the 2nd quarter. Van ECK Associates Corp now owns 1,194,747 shares of the financial services provider's stock worth $13,859,000 after acquiring an additional 30,234 shares during the last quarter. Rareview Capital LLC purchased a new stake in BlackRock MuniYield Quality Fund in the first quarter valued at approximately $4,930,000. Finally, Cetera Investment Advisers raised its position in BlackRock MuniYield Quality Fund by 500.5% during the first quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider's stock valued at $3,443,000 after purchasing an additional 261,344 shares in the last quarter. 25.51% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniYield Quality Fund Stock Performance
Shares of MQY opened at $9.97 on Friday. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $11.94. The firm has a 50 day moving average price of $10.70 and a 200-day moving average price of $11.14.
BlackRock MuniYield Quality Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0580 per share. The ex-dividend date is Friday, December 11th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.0%.
About BlackRock MuniYield Quality Fund
(
Free Report)
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.
Further Reading
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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