Van ECK Associates Corp Sells 19,236 Shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Van ECK Associates Corp decreased its position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 418,472 shares of the financial services provider’s stock after selling 19,236 shares during the period. Van ECK Associates Corp owned approximately 0.57% of BlackRock MuniYield Quality Fund worth $5,139,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MQY. Cornerstone Advisory LLC increased its position in BlackRock MuniYield Quality Fund by 51.3% during the 4th quarter. Cornerstone Advisory LLC now owns 890,576 shares of the financial services provider’s stock worth $10,856,000 after buying an additional 301,828 shares during the period. Robinson Capital Management LLC increased its position in BlackRock MuniYield Quality Fund by 28.1% during the 4th quarter. Robinson Capital Management LLC now owns 769,871 shares of the financial services provider’s stock worth $9,493,000 after buying an additional 168,684 shares during the period. Wells Fargo & Company MN increased its position in shares of BlackRock MuniYield Quality Fund by 21.8% in the fourth quarter. Wells Fargo & Company MN now owns 749,958 shares of the financial services provider’s stock worth $9,142,000 after purchasing an additional 134,262 shares during the period. Advisors Asset Management Inc. raised its stake in BlackRock MuniYield Quality Fund by 31.1% in the first quarter. Advisors Asset Management Inc. now owns 280,012 shares of the financial services provider’s stock valued at $3,430,000 after purchasing an additional 66,461 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in BlackRock MuniYield Quality Fund by 8.3% during the fourth quarter. Fiera Capital Corp now owns 859,502 shares of the financial services provider’s stock worth $10,477,000 after purchasing an additional 66,152 shares during the period. Institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Trading Up 0.2 %

Shares of BlackRock MuniYield Quality Fund stock opened at $12.65 on Wednesday. The firm’s 50-day moving average price is $12.42 and its two-hundred day moving average price is $12.25. BlackRock MuniYield Quality Fund, Inc. has a 12-month low of $9.82 and a 12-month high of $12.71.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.058 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.70 dividend on an annualized basis and a yield of 5.50%.

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.