BlackRock MuniYield Quality Fund, Inc. (MQY) to Distribute Monthly Dividend of $0.06 on October 1st

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) declared a monthly dividend on Friday, June 5th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.058 per share by the financial services provider on Thursday, October 1st. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniYield Quality Fund Price Performance

Shares of MQY stock opened at $10.60 on Friday. The firm has a 50-day moving average price of $11.23 and a 200 day moving average price of $11.34. BlackRock MuniYield Quality Fund has a twelve month low of $10.52 and a twelve month high of $11.94.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

Institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in shares of BlackRock MuniYield Quality Fund during the second quarter valued at approximately $112,000. RFG Advisory LLC purchased a new stake in BlackRock MuniYield Quality Fund in the 2nd quarter worth approximately $130,000. NewEdge Advisors LLC raised its holdings in BlackRock MuniYield Quality Fund by 9.3% in the 2nd quarter. NewEdge Advisors LLC now owns 256,126 shares of the financial services provider’s stock valued at $2,971,000 after acquiring an additional 21,891 shares during the last quarter. HighTower Advisors LLC raised its holdings in BlackRock MuniYield Quality Fund by 15.3% in the 2nd quarter. HighTower Advisors LLC now owns 157,180 shares of the financial services provider’s stock valued at $1,823,000 after acquiring an additional 20,868 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new position in BlackRock MuniYield Quality Fund in the 2nd quarter valued at $407,000. Institutional investors and hedge funds own 25.51% of the company’s stock.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MQY. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal obligations issued by states, territories, municipalities and other governmental entities.

The fund generally invests in longer-term municipal bonds and may allocate assets across various sectors of the municipal market, including essential-service areas such as education, health care, transportation, utilities and public infrastructure.