Rareview Capital LLC Buys New Shares in BlackRock MuniYield Quality Fund, Inc. $MQY

Rareview Capital LLC bought a new position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 443,717 shares of the financial services provider’s stock, valued at approximately $4,930,000. BlackRock MuniYield Quality Fund comprises 2.9% of Rareview Capital LLC’s portfolio, making the stock its 7th largest position. Rareview Capital LLC owned approximately 0.29% of BlackRock MuniYield Quality Fund as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its holdings in shares of BlackRock MuniYield Quality Fund by 3.0% in the fourth quarter. Guggenheim Capital LLC now owns 1,557,152 shares of the financial services provider’s stock valued at $17,596,000 after purchasing an additional 45,356 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of 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 worth $16,141,000 after purchasing an additional 370,808 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of BlackRock MuniYield Quality Fund by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 930,683 shares of the financial services provider’s stock worth $10,517,000 after purchasing an additional 54,787 shares during the period. Van ECK Associates Corp boosted its position in BlackRock MuniYield Quality Fund by 18.2% in the fourth quarter. Van ECK Associates Corp now owns 544,362 shares of the financial services provider’s stock valued at $6,151,000 after buying an additional 83,767 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in BlackRock MuniYield Quality Fund by 9.3% in the 3rd quarter. Raymond James Financial Inc. now owns 310,521 shares of the financial services provider’s stock worth $3,618,000 after buying an additional 26,293 shares during the period. Institutional investors and hedge funds own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Stock Performance

Shares of NYSE MQY opened at $11.62 on Friday. The company has a 50 day simple moving average of $11.40 and a two-hundred day simple moving average of $11.45. BlackRock MuniYield Quality Fund, Inc. has a 12 month low of $10.78 and a 12 month high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

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

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.