Cornerstone Advisory LLC lifted its holdings in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) by 17.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,007,724 shares of the financial services provider's stock after purchasing an additional 147,141 shares during the period. BlackRock MuniYield Quality Fund comprises approximately 1.4% of Cornerstone Advisory LLC's holdings, making the stock its 20th biggest position. Cornerstone Advisory LLC owned approximately 1.38% of BlackRock MuniYield Quality Fund worth $12,012,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in BlackRock MuniYield Quality Fund by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 430,019 shares of the financial services provider's stock worth $4,954,000 after acquiring an additional 24,874 shares during the period. Raymond James Financial Inc. purchased a new position in BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $2,558,000. Commonwealth Equity Services LLC lifted its holdings in BlackRock MuniYield Quality Fund by 18.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 111,109 shares of the financial services provider's stock valued at $1,280,000 after purchasing an additional 17,470 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $132,000. Finally, Assetmark Inc. purchased a new position in BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $37,000. Institutional investors own 25.51% of the company's stock.
BlackRock MuniYield Quality Fund Price Performance
NYSE:MQY traded up $0.12 during trading hours on Tuesday, hitting $11.07. 39,013 shares of the stock traded hands, compared to its average volume of 182,189. BlackRock MuniYield Quality Fund, Inc. has a 1 year low of $10.52 and a 1 year high of $13.29. The stock has a 50 day moving average price of $11.21 and a 200 day moving average price of $11.74.
BlackRock MuniYield Quality Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a yield of 6.29%. The ex-dividend date is Thursday, May 15th.
About BlackRock MuniYield Quality Fund
(
Free Report)
BlackRock MuniYield Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.
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