Bank of New York Mellon Corp Sells 34,173 Shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Bank of New York Mellon Corp cut its position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 54.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,199 shares of the financial services provider’s stock after selling 34,173 shares during the period. Bank of New York Mellon Corp’s holdings in BlackRock MuniYield Quality Fund were worth $325,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in BlackRock MuniYield Quality Fund by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 430,019 shares of the financial services provider’s stock worth $4,954,000 after purchasing an additional 24,874 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of BlackRock MuniYield Quality Fund in the third quarter worth approximately $187,000. HighTower Advisors LLC lifted its stake in shares of BlackRock MuniYield Quality Fund by 6.2% during the 3rd quarter. HighTower Advisors LLC now owns 118,024 shares of the financial services provider’s stock worth $1,549,000 after acquiring an additional 6,874 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth approximately $132,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock MuniYield Quality Fund by 35.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 934,768 shares of the financial services provider’s stock valued at $10,769,000 after acquiring an additional 242,500 shares during the period. 25.51% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund Trading Up 0.1 %

MQY stock opened at $11.73 on Friday. BlackRock MuniYield Quality Fund, Inc. has a twelve month low of $11.43 and a twelve month high of $13.29. The business’s fifty day simple moving average is $11.86 and its two-hundred day simple moving average is $12.27.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 5.94%. The ex-dividend date is Friday, March 14th.

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.