UBS Group AG Trims Holdings in BlackRock MuniYield Quality Fund, Inc. $MQY

UBS Group AG trimmed its stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 842,244 shares of the financial services provider’s stock after selling 56,757 shares during the period. UBS Group AG’s holdings in BlackRock MuniYield Quality Fund were worth $9,517,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MQY. Hennion & Walsh Asset Management Inc. raised its stake in shares of BlackRock MuniYield Quality Fund by 35.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,428,403 shares of the financial services provider’s stock valued at $16,141,000 after acquiring an additional 370,808 shares during the period. Ameriprise Financial Inc. raised its stake in shares of BlackRock MuniYield Quality Fund by 61.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 147,537 shares of the financial services provider’s stock valued at $1,639,000 after acquiring an additional 56,089 shares during the period. Raymond James Financial Inc. raised its stake in shares of BlackRock MuniYield Quality Fund by 22.1% in the 2nd quarter. Raymond James Financial Inc. now owns 284,228 shares of the financial services provider’s stock valued at $3,158,000 after acquiring an additional 51,402 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund in the 1st quarter valued at approximately $594,000. Finally, NewEdge Advisors LLC raised its stake in shares of BlackRock MuniYield Quality Fund by 70.0% in the 2nd quarter. NewEdge Advisors LLC now owns 77,895 shares of the financial services provider’s stock valued at $865,000 after acquiring an additional 32,071 shares during the period. 25.51% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Price Performance

BlackRock MuniYield Quality Fund stock opened at $11.24 on Friday. BlackRock MuniYield Quality Fund, Inc. has a 1 year low of $10.78 and a 1 year high of $11.94. The company’s 50 day simple moving average is $11.34 and its 200-day simple moving average is $11.46.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.058 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock MuniYield Quality Fund 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.