River Street Advisors LLC Invests $488,000 in BlackRock MuniYield Quality Fund, Inc. $MQY

River Street Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 44,489 shares of the financial services provider’s stock, valued at approximately $488,000.

Other large investors have also bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of BlackRock MuniYield Quality Fund by 7.4% during the first quarter. NewEdge Advisors LLC now owns 45,824 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 3,168 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of BlackRock MuniYield Quality Fund during the first quarter valued at $594,000. Cetera Investment Advisers boosted its position in shares of BlackRock MuniYield Quality Fund by 20.6% during the second quarter. Cetera Investment Advisers now owns 28,876 shares of the financial services provider’s stock valued at $321,000 after buying an additional 4,939 shares during the last quarter. Raymond James Financial Inc. increased its holdings in BlackRock MuniYield Quality Fund by 22.1% in the 2nd quarter. Raymond James Financial Inc. now owns 284,228 shares of the financial services provider’s stock worth $3,158,000 after buying an additional 51,402 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in BlackRock MuniYield Quality Fund in the 2nd quarter worth about $236,000. 25.51% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Price Performance

NYSE MQY opened at $11.54 on Friday. The business’s fifty day moving average price is $11.39 and its 200-day moving average price is $11.44. BlackRock MuniYield Quality Fund, Inc. has a 1-year low of $10.78 and a 1-year high of $11.94.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.058 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniYield Quality Fund Company 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.