Coastal Bridge Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 175,514 shares of the financial services provider’s stock, valued at approximately $1,950,000. Coastal Bridge Advisors LLC owned approximately 0.12% of BlackRock MuniYield Quality Fund at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new position in shares of BlackRock MuniYield Quality Fund during the second quarter valued at $25,000. Allied Private Wealth LLC bought a new stake in shares of BlackRock MuniYield Quality Fund during the second quarter valued at about $25,000. Global Retirement Partners LLC acquired a new stake in BlackRock MuniYield Quality Fund in the fourth quarter worth about $32,000. Garton & Associates Financial Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund in the fourth quarter worth about $32,000. Finally, Geneos Wealth Management Inc. bought a new position in BlackRock MuniYield Quality Fund in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 25.51% of the company’s stock.
BlackRock MuniYield Quality Fund Trading Down 0.2%
Shares of MQY opened at $11.11 on Friday. The firm has a 50-day moving average price of $11.38 and a 200 day moving average price of $11.41. 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
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.
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