Sanctuary Advisors LLC Buys Shares of 49,394 BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Sanctuary Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,394 shares of the financial services provider’s stock, valued at approximately $584,000. Sanctuary Advisors LLC owned about 0.07% of BlackRock MuniYield Quality Fund at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of BlackRock MuniYield Quality Fund by 31.1% in the 1st quarter. Advisors Asset Management Inc. now owns 280,012 shares of the financial services provider’s stock worth $3,430,000 after acquiring an additional 66,461 shares during the period. Mutual Advisors LLC lifted its position in BlackRock MuniYield Quality Fund by 3.8% in the first quarter. Mutual Advisors LLC now owns 144,228 shares of the financial services provider’s stock valued at $1,767,000 after purchasing an additional 5,238 shares during the period. Janney Montgomery Scott LLC boosted its holdings in BlackRock MuniYield Quality Fund by 1.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 132,872 shares of the financial services provider’s stock valued at $1,628,000 after purchasing an additional 1,761 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in BlackRock MuniYield Quality Fund by 20.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 73,737 shares of the financial services provider’s stock valued at $906,000 after purchasing an additional 12,558 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in BlackRock MuniYield Quality Fund by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 61,144 shares of the financial services provider’s stock worth $751,000 after purchasing an additional 2,771 shares during the period. 25.51% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Price Performance

MQY opened at $13.06 on Tuesday. BlackRock MuniYield Quality Fund, Inc. has a 12 month low of $9.82 and a 12 month high of $13.29. The business has a 50 day simple moving average of $12.80 and a 200-day simple moving average of $12.38.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock MuniYield Quality Fund 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.