Bank of New York Mellon Corp Sells 34,173 Shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Bank of New York Mellon Corp cut its position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 54.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,199 shares of the financial services provider’s stock after selling 34,173 shares during the period. Bank of New York Mellon Corp’s holdings in BlackRock MuniYield Quality Fund were worth $325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of BlackRock MuniYield Quality Fund by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 430,019 shares of the financial services provider’s stock worth $4,954,000 after acquiring an additional 24,874 shares in the last quarter. Stifel Financial Corp purchased a new stake in BlackRock MuniYield Quality Fund during the third quarter valued at $187,000. HighTower Advisors LLC grew its stake in shares of BlackRock MuniYield Quality Fund by 6.2% in the 3rd quarter. HighTower Advisors LLC now owns 118,024 shares of the financial services provider’s stock worth $1,549,000 after buying an additional 6,874 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of BlackRock MuniYield Quality Fund in the 4th quarter worth $132,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of BlackRock MuniYield Quality Fund by 35.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 934,768 shares of the financial services provider’s stock worth $10,769,000 after buying an additional 242,500 shares during the last quarter. 25.51% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund Stock Up 0.1 %

Shares of NYSE:MQY opened at $11.73 on Friday. BlackRock MuniYield Quality Fund, Inc. has a 12 month low of $11.43 and a 12 month high of $13.29. The company has a 50-day moving average price of $11.86 and a 200 day moving average price of $12.27.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date is Friday, March 14th.

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.