BlackRock MuniYield Quality Fund, Inc. $MQY Stake Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC increased its position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 271.9% during the first quarter, Holdings Channel reports. The fund owned 234,235 shares of the financial services provider’s stock after acquiring an additional 171,251 shares during the quarter. NewEdge Advisors LLC’s holdings in BlackRock MuniYield Quality Fund were worth $2,572,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MQY. Global Retirement Partners LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth $32,000. Garton & Associates Financial Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund during the fourth quarter valued at $32,000. Geneos Wealth Management Inc. acquired a new position in BlackRock MuniYield Quality Fund during the first quarter valued at $34,000. Fifth Third Bancorp purchased a new stake in BlackRock MuniYield Quality Fund in the 1st quarter worth about $54,000. Finally, Elyxium Wealth LLC purchased a new stake in BlackRock MuniYield Quality Fund in the 4th quarter worth about $69,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Price Performance

NYSE MQY opened at $11.36 on Friday. The company has a 50 day simple moving average of $11.43 and a 200-day simple moving average of $11.44. BlackRock MuniYield Quality Fund, Inc. has a 52-week low of $10.84 and a 52-week 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 issued a dividend of $0.058 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniYield Quality Fund 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.