Bank of New York Mellon Corp Buys 2,771 Shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Bank of New York Mellon Corp lifted its holdings in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,144 shares of the financial services provider’s stock after buying an additional 2,771 shares during the quarter. Bank of New York Mellon Corp owned about 0.08% of BlackRock MuniYield Quality Fund worth $751,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC acquired a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $26,000. Pathway Financial Advisers LLC bought a new stake in shares of BlackRock MuniYield Quality Fund during the 1st quarter worth about $48,000. Nomura Holdings Inc. acquired a new stake in BlackRock MuniYield Quality Fund during the 4th quarter worth approximately $129,000. Primoris Wealth Advisors LLC raised its stake in BlackRock MuniYield Quality Fund by 25.0% in the 1st quarter. Primoris Wealth Advisors LLC now owns 12,500 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Clear Creek Financial Management LLC bought a new position in BlackRock MuniYield Quality Fund during the 2nd quarter worth $154,000. Institutional investors and hedge funds own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Price Performance

MQY stock opened at $13.00 on Monday. The company’s 50-day moving average price is $12.58 and its two-hundred day moving average price is $12.31. BlackRock MuniYield Quality Fund, Inc. has a 12 month low of $9.82 and a 12 month high of $13.26.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Tuesday, October 15th.

About BlackRock MuniYield Quality Fund

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.