222,059 Shares in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 222,059 shares of the financial services provider's stock, valued at approximately $2,558,000. Raymond James Financial Inc. owned approximately 0.30% of BlackRock MuniYield Quality Fund as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its position in shares of BlackRock MuniYield Quality Fund by 35.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 934,768 shares of the financial services provider's stock worth $10,769,000 after acquiring an additional 242,500 shares in the last quarter. StoneX Group Inc. bought a new position in BlackRock MuniYield Quality Fund during the fourth quarter worth $1,728,000. Landscape Capital Management L.L.C. bought a new stake in BlackRock MuniYield Quality Fund during the fourth quarter valued at $437,000. Van ECK Associates Corp lifted its position in shares of BlackRock MuniYield Quality Fund by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 430,019 shares of the financial services provider's stock worth $4,954,000 after buying an additional 24,874 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of BlackRock MuniYield Quality Fund by 18.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 111,109 shares of the financial services provider's stock valued at $1,280,000 after buying an additional 17,470 shares during the period. 25.51% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Stock Performance

MQY stock traded down $0.04 during midday trading on Monday, reaching $11.18. The company had a trading volume of 17,154 shares, compared to its average volume of 192,028. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $10.52 and a fifty-two week high of $13.29. The stock has a 50 day moving average price of $11.43 and a 200 day moving average price of $11.90.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were given a $0.058 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.70 dividend on an annualized basis and a yield of 6.23%.

BlackRock MuniYield Quality Fund Company Profile

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.