Hennion & Walsh Asset Management Inc. Has $51.26 Million Holdings in BlackRock MuniYield Quality Fund, Inc. $MQY

Key Points

• Hennion & Walsh Asset Management cut its MQY position by 4% in the second quarter, selling 189,476 shares. It still held 4.51 million shares valued at $51.26 million, representing 3% of the fund.
• Institutional investors and hedge funds collectively own 25.51% of MQY, with several firms increasing their stakes or initiating new positions.
• MQY traded at $11.37, near the midpoint of its 52-week range, and announced a monthly dividend of $0.058 per share, implying an annualized yield of approximately 6.1%.

Hennion & Walsh Asset Management Inc. decreased its position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,507,211 shares of the financial services provider's stock after selling 189,476 shares during the quarter. BlackRock MuniYield Quality Fund comprises 1.5% of Hennion & Walsh Asset Management Inc.'s investment portfolio, making the stock its 5th largest holding. Hennion & Walsh Asset Management Inc. owned 3.00% of BlackRock MuniYield Quality Fund worth $51,259,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MQY. Clear Creek Financial Management LLC lifted its stake in BlackRock MuniYield Quality Fund by 6.2% in the fourth quarter. Clear Creek Financial Management LLC now owns 17,111 shares of the financial services provider's stock valued at $193,000 after acquiring an additional 1,000 shares during the last quarter. Primoris Wealth Advisors LLC increased its stake in shares of BlackRock MuniYield Quality Fund by 2.2% during the 4th quarter. Primoris Wealth Advisors LLC now owns 46,101 shares of the financial services provider's stock worth $521,000 after purchasing an additional 1,001 shares during the last quarter. World Investment Advisors increased its stake in shares of BlackRock MuniYield Quality Fund by 19.3% during the 4th quarter. World Investment Advisors now owns 13,512 shares of the financial services provider's stock worth $152,000 after purchasing an additional 2,190 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth $32,000. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 25.51% of the company's stock.

BlackRock MuniYield Quality Fund Stock Up 0.6%

MQY stock opened at $11.37 on Friday. BlackRock MuniYield Quality Fund, Inc. has a 1 year low of $10.84 and a 1 year high of $11.94. The company has a fifty day simple moving average of $11.44 and a 200 day simple moving average of $11.45.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.058 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniYield Quality Fund Company 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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