Wakefield Asset Management LLLP Buys New Position in BlackRock MuniYield Quality Fund, Inc. $MQY

Wakefield Asset Management LLLP bought a new stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQYFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 88,236 shares of the financial services provider’s stock, valued at approximately $997,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wolverine Asset Management LLC bought a new position in BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $1,082,000. Hennion & Walsh Asset Management Inc. grew its position in BlackRock MuniYield Quality Fund by 35.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,428,403 shares of the financial services provider’s stock valued at $16,141,000 after acquiring an additional 370,808 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in BlackRock MuniYield Quality Fund by 17.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 53,948 shares of the financial services provider’s stock valued at $610,000 after acquiring an additional 8,000 shares during the last quarter. Dakota Wealth Management bought a new position in BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $171,000. Finally, Moody National Bank Trust Division bought a new position in BlackRock MuniYield Quality Fund during the fourth quarter valued at approximately $113,000. 25.51% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Trading Down 1.1%

Shares of NYSE MQY opened at $11.24 on Friday. BlackRock MuniYield Quality Fund, Inc. has a one year low of $10.78 and a one year high of $11.94. The firm’s 50 day simple moving average is $11.34 and its two-hundred day simple moving average is $11.46.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Monday, June 15th.

BlackRock MuniYield Quality Fund Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BlackRock MuniYield Quality Fund (NYSE:MQY)

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