Capital Investment Advisors LLC reduced its holdings in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Free Report) by 6.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,070 shares of the financial services provider’s stock after selling 1,497 shares during the period. Capital Investment Advisors LLC’s holdings in BlackRock MuniYield Quality Fund were worth $257,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MQY. Morgan Stanley increased its position in BlackRock MuniYield Quality Fund by 28.2% during the fourth quarter. Morgan Stanley now owns 3,085,559 shares of the financial services provider’s stock worth $35,792,000 after purchasing an additional 678,472 shares during the last quarter. Rivernorth Capital Management LLC boosted its stake in shares of BlackRock MuniYield Quality Fund by 30.1% in the second quarter. Rivernorth Capital Management LLC now owns 2,027,444 shares of the financial services provider’s stock valued at $23,458,000 after purchasing an additional 468,793 shares during the period. AQR Arbitrage LLC boosted its stake in shares of BlackRock MuniYield Quality Fund by 99.6% in the third quarter. AQR Arbitrage LLC now owns 421,374 shares of the financial services provider’s stock valued at $4,311,000 after purchasing an additional 210,302 shares during the period. Indiana Trust & Investment Management CO purchased a new position in shares of BlackRock MuniYield Quality Fund in the third quarter valued at approximately $1,795,000. Finally, Logan Stone Capital LLC purchased a new position in shares of BlackRock MuniYield Quality Fund in the fourth quarter valued at approximately $1,687,000. 21.94% of the stock is currently owned by institutional investors and hedge funds.
BlackRock MuniYield Quality Fund Price Performance
NYSE MQY opened at $12.35 on Monday. The firm has a 50 day simple moving average of $12.23 and a 200-day simple moving average of $11.45. BlackRock MuniYield Quality Fund, Inc. has a one year low of $9.82 and a one year high of $12.52.
BlackRock MuniYield Quality Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a $0.058 dividend. This represents a $0.70 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend is Thursday, 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.
See Also
Want to see what other hedge funds are holding MQY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Free Report).
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