BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 31.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 280,012 shares of the financial services provider’s stock after acquiring an additional 66,461 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.38% of BlackRock MuniYield Quality Fund worth $3,430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new stake in BlackRock MuniYield Quality Fund in the 4th quarter worth $54,000. Private Trust Co. NA acquired a new stake in BlackRock MuniYield Quality Fund during the 4th quarter worth $55,000. International Assets Investment Management LLC acquired a new stake in BlackRock MuniYield Quality Fund during the 4th quarter worth $1,260,000. Nomura Holdings Inc. acquired a new stake in BlackRock MuniYield Quality Fund during the 4th quarter worth $129,000. Finally, Alesco Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund during the 4th quarter worth $151,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Price Performance

MQY remained flat at $12.32 on Friday. 140,582 shares of the company’s stock traded hands, compared to its average volume of 148,034. BlackRock MuniYield Quality Fund, Inc. has a 52 week low of $9.82 and a 52 week high of $12.52. The firm’s fifty day simple moving average is $12.21 and its 200-day simple moving average is $12.18.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.70 annualized dividend and a dividend yield of 5.65%.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.