Bank of Montreal Can Lowers Stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Bank of Montreal Can trimmed its holdings in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 34.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,360 shares of the financial services provider’s stock after selling 14,623 shares during the period. Bank of Montreal Can’s holdings in BlackRock MuniYield Quality Fund were worth $372,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. grew its position in shares of BlackRock MuniYield Quality Fund by 31.1% during the first quarter. Advisors Asset Management Inc. now owns 280,012 shares of the financial services provider’s stock worth $3,430,000 after acquiring an additional 66,461 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund in the 2nd quarter valued at $378,000. Virtu Financial LLC bought a new position in BlackRock MuniYield Quality Fund in the 4th quarter worth approximately $182,000. Nomura Holdings Inc. bought a new position in BlackRock MuniYield Quality Fund during the 4th quarter worth approximately $129,000. Finally, Mutual Advisors LLC increased its holdings in BlackRock MuniYield Quality Fund by 3.8% during the 1st quarter. Mutual Advisors LLC now owns 144,228 shares of the financial services provider’s stock worth $1,767,000 after purchasing an additional 5,238 shares in the last quarter. 25.51% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Stock Up 0.8 %

MQY opened at $13.14 on Friday. The business has a 50 day moving average of $12.79 and a 200-day moving average of $12.38. BlackRock MuniYield Quality Fund, Inc. has a 12-month low of $9.82 and a 12-month high of $13.29.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Tuesday, October 15th.

BlackRock MuniYield Quality Fund 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.