Royal Bank of Canada Has $2.09 Million Position in BlackRock MuniYield Quality Fund, Inc. $MQY

Royal Bank of Canada boosted its stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 181.0% in the first quarter, HoldingsChannel reports. The firm owned 190,734 shares of the financial services provider’s stock after buying an additional 122,847 shares during the period. Royal Bank of Canada’s holdings in BlackRock MuniYield Quality Fund were worth $2,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth approximately $1,082,000. Allspring Global Investments Holdings LLC purchased a new position in shares of BlackRock MuniYield Quality Fund during the first quarter valued at approximately $2,660,000. Cetera Investment Advisers grew its holdings in BlackRock MuniYield Quality Fund by 500.5% during the first quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock worth $3,443,000 after buying an additional 261,344 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in BlackRock MuniYield Quality Fund by 493.7% during the first quarter. Bank of New York Mellon Corp now owns 121,623 shares of the financial services provider’s stock worth $1,335,000 after buying an additional 101,139 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in BlackRock MuniYield Quality Fund in the 1st quarter valued at $931,000. Institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Stock Performance

Shares of NYSE:MQY opened at $11.26 on Tuesday. The stock’s fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $11.44. BlackRock MuniYield Quality Fund, Inc. has a 1-year low of $10.84 and a 1-year high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 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.