Rareview Capital LLC Makes New Investment in BlackRock MuniYield Quality Fund, Inc. $MQY

Rareview Capital LLC acquired a new position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the first quarter, Holdings Channel reports. The institutional investor acquired 443,717 shares of the financial services provider’s stock, valued at approximately $4,930,000. BlackRock MuniYield Quality Fund accounts for 2.9% of Rareview Capital LLC’s portfolio, making the stock its 7th largest holding.

Several other institutional investors have also recently made changes to their positions in MQY. Guggenheim Capital LLC lifted its stake in shares of BlackRock MuniYield Quality Fund by 3.0% in the 4th quarter. Guggenheim Capital LLC now owns 1,557,152 shares of the financial services provider’s stock valued at $17,596,000 after purchasing an additional 45,356 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock MuniYield Quality Fund by 35.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,428,403 shares of the financial services provider’s stock worth $16,141,000 after buying an additional 370,808 shares in the last quarter. Wells Fargo & Company MN grew its position in BlackRock MuniYield Quality Fund by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 930,683 shares of the financial services provider’s stock valued at $10,517,000 after buying an additional 54,787 shares during the period. Van ECK Associates Corp grew its position in BlackRock MuniYield Quality Fund by 18.2% during the fourth quarter. Van ECK Associates Corp now owns 544,362 shares of the financial services provider’s stock valued at $6,151,000 after buying an additional 83,767 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in BlackRock MuniYield Quality Fund by 9.3% in the third quarter. Raymond James Financial Inc. now owns 310,521 shares of the financial services provider’s stock valued at $3,618,000 after buying an additional 26,293 shares in the last quarter. 25.51% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Stock Down 0.0%

MQY opened at $11.62 on Friday. The company has a fifty day moving average of $11.40 and a two-hundred day moving average of $11.45. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.058 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

About BlackRock MuniYield Quality Fund

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.