Cornerstone Advisory LLC Reduces Holdings in BlackRock MuniYield Quality Fund, Inc. $MQY

Cornerstone Advisory LLC decreased its position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 942,983 shares of the financial services provider’s stock after selling 106,426 shares during the period. BlackRock MuniYield Quality Fund accounts for approximately 1.0% of Cornerstone Advisory LLC’s investment portfolio, making the stock its 23rd largest position. Cornerstone Advisory LLC’s holdings in BlackRock MuniYield Quality Fund were worth $10,354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MQY. Rareview Capital LLC purchased a new stake in BlackRock MuniYield Quality Fund in the first quarter valued at $4,930,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of BlackRock MuniYield Quality Fund by 35.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,428,403 shares of the financial services provider’s stock worth $16,141,000 after purchasing an additional 370,808 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth about $2,700,000. Pettinga Financial Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth about $1,416,000. Finally, Jane Street Group LLC purchased a new stake in BlackRock MuniYield Quality Fund in the 4th quarter valued at about $1,350,000. Institutional investors and hedge funds own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Stock Up 0.7%

NYSE MQY opened at $11.64 on Wednesday. The firm’s 50-day moving average is $11.43 and its two-hundred day moving average is $11.46. BlackRock MuniYield Quality Fund, Inc. has a 12 month low of $10.78 and a 12 month high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.058 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. 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.