River Street Advisors LLC Invests $488,000 in BlackRock MuniYield Quality Fund, Inc. $MQY

River Street Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 44,489 shares of the financial services provider’s stock, valued at approximately $488,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in BlackRock MuniYield Quality Fund by 7.4% during the first quarter. NewEdge Advisors LLC now owns 45,824 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 3,168 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of BlackRock MuniYield Quality Fund during the 1st quarter valued at $594,000. Cetera Investment Advisers lifted its stake in shares of BlackRock MuniYield Quality Fund by 20.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,876 shares of the financial services provider’s stock valued at $321,000 after buying an additional 4,939 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in 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 worth $3,158,000 after buying an additional 51,402 shares during the period. Finally, Jane Street Group LLC purchased a new stake in BlackRock MuniYield Quality Fund in the 2nd quarter worth $236,000. 25.51% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Stock Up 0.5%

NYSE MQY opened at $11.54 on Friday. BlackRock MuniYield Quality Fund, Inc. has a twelve month low of $10.78 and a twelve month high of $11.94. The business has a 50-day moving average price of $11.39 and a 200-day moving average price of $11.44.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.058 dividend. The ex-dividend date of this dividend 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.