Van ECK Associates Corp Lowers Stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Van ECK Associates Corp reduced its holdings in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 15.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 437,708 shares of the financial services provider’s stock after selling 78,857 shares during the period. Van ECK Associates Corp owned approximately 0.60% of BlackRock MuniYield Quality Fund worth $5,362,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in BlackRock MuniYield Quality Fund by 8.5% during the fourth quarter. Private Advisor Group LLC now owns 12,837 shares of the financial services provider’s stock worth $156,000 after buying an additional 1,001 shares in the last quarter. Simon Quick Advisors LLC raised its position in BlackRock MuniYield Quality Fund by 7.2% during the fourth quarter. Simon Quick Advisors LLC now owns 18,662 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 1,246 shares during the last quarter. Moody National Bank Trust Division raised its position in BlackRock MuniYield Quality Fund by 9.9% during the fourth quarter. Moody National Bank Trust Division now owns 16,439 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 1,479 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in BlackRock MuniYield Quality Fund during the fourth quarter worth about $54,000. Finally, Private Trust Co. NA acquired a new position in BlackRock MuniYield Quality Fund during the fourth quarter worth about $55,000. 25.51% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Stock Performance

MQY traded down $0.01 during midday trading on Friday, reaching $12.32. 115,727 shares of the company’s stock were exchanged, compared to its average volume of 151,531. The business’s 50-day moving average price is $12.11 and its 200 day moving average price is $12.17. BlackRock MuniYield Quality Fund, Inc. has a 1-year low of $9.82 and a 1-year high of $12.52.

BlackRock MuniYield Quality Fund Dividend Announcement

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