Wolverine Asset Management LLC Purchases New Shares in BlackRock MuniYield Quality Fund, Inc. $MQY

Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 95,713 shares of the financial services provider’s stock, valued at approximately $1,082,000.

A number of other hedge funds also recently bought and sold shares of the business. First Horizon Corp purchased a new stake in BlackRock MuniYield Quality Fund during the third quarter valued at approximately $34,000. Nomura Holdings Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund in the second quarter valued at $111,000. Wealth Alliance LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund in the third quarter valued at $116,000. Moody National Bank Trust Division purchased a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter valued at $113,000. Finally, Westview Management dba Westview Investment Advisors purchased a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter valued at $121,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Price Performance

Shares of MQY opened at $11.44 on Wednesday. The company’s fifty day simple moving average is $11.40 and its 200-day simple moving average is $11.47. BlackRock MuniYield Quality Fund, Inc. has a twelve month low of $10.78 and a twelve month high of $11.94.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.058 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund (NYSE: MQY) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.