Royal Bank of Canada Has $2.09 Million Position in BlackRock MuniYield Quality Fund, Inc. $MQY

Key Points

• Royal Bank of Canada increased its MQY stake by 181% in the first quarter, holding 190,734 shares valued at approximately $2.09 million. Institutional investors collectively own 25.51% of the fund.
• MQY shares opened at $11.26, compared with a 12-month range of $10.84 to $11.94; its 50-day and 200-day moving averages were both around $11.44.
• The fund declared a $0.058 monthly dividend, payable October 1 to shareholders of record September 15, representing an annualized yield of approximately 6.2%.

Royal Bank of Canada lifted its position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) by 181.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 190,734 shares of the financial services provider's stock after acquiring an additional 122,847 shares during the period. Royal Bank of Canada owned approximately 0.13% of BlackRock MuniYield Quality Fund worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $32,000. Garton & Associates Financial Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund in the 4th quarter valued at $32,000. Geneos Wealth Management Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund during the 1st quarter worth $34,000. Fifth Third Bancorp acquired a new position in shares of BlackRock MuniYield Quality Fund during the 1st quarter worth $54,000. Finally, Elyxium Wealth LLC bought a new stake in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth $69,000. Institutional investors and hedge funds own 25.51% of the company's stock.

BlackRock MuniYield Quality Fund Stock Down 0.4%

NYSE:MQY opened at $11.26 on Tuesday. BlackRock MuniYield Quality Fund, Inc. has a twelve month low of $10.84 and a twelve month high of $11.94. The stock's 50-day simple moving average is $11.43 and its 200 day simple moving average is $11.44.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.058 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date 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.

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