Raymond James Financial Inc. Makes New $2.56 Million Investment in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

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

Several other institutional investors have also modified their holdings of the stock. Hennion & Walsh Asset Management Inc. raised its stake in BlackRock MuniYield Quality Fund by 35.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 934,768 shares of the financial services provider's stock worth $10,769,000 after purchasing an additional 242,500 shares during the period. Van ECK Associates Corp raised its position in shares of 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 valued at $4,954,000 after buying an additional 24,874 shares during the period. Janney Montgomery Scott LLC lifted its holdings in BlackRock MuniYield Quality Fund by 10.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 163,262 shares of the financial services provider's stock valued at $1,881,000 after acquiring an additional 15,341 shares during the last quarter. StoneX Group Inc. purchased a new position in BlackRock MuniYield Quality Fund in the fourth quarter worth approximately $1,728,000. Finally, Indiana Trust & Investment Management Co raised its position in BlackRock MuniYield Quality Fund by 1.4% in the fourth quarter. Indiana Trust & Investment Management Co now owns 111,533 shares of the financial services provider's stock valued at $1,285,000 after purchasing an additional 1,584 shares during the period. Hedge funds and other institutional investors own 25.51% of the company's stock.

BlackRock MuniYield Quality Fund Price Performance

Shares of NYSE:MQY opened at $11.05 on Wednesday. The business has a 50-day moving average price of $11.48 and a 200 day moving average price of $11.95. BlackRock MuniYield Quality Fund, Inc. has a 12-month low of $10.52 and a 12-month high of $13.29.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Tuesday, April 15th.

About BlackRock MuniYield Quality Fund

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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