BlackRock MuniYield Quality Fund, Inc. $MQY Shares Sold by Pettinga Financial Advisors LLC

Pettinga Financial Advisors LLC lowered its stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 19.9% in the second quarter, HoldingsChannel reports. The fund owned 191,941 shares of the financial services provider’s stock after selling 47,655 shares during the quarter. Pettinga Financial Advisors LLC’s holdings in BlackRock MuniYield Quality Fund were worth $2,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC raised its stake in shares of BlackRock MuniYield Quality Fund by 223.8% in the 1st quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock valued at $86,735,000 after acquiring an additional 5,459,910 shares during the period. Bank of America Corp DE increased its holdings in shares of BlackRock MuniYield Quality Fund by 220.5% in the 1st quarter. Bank of America Corp DE now owns 1,715,834 shares of the financial services provider’s stock valued at $18,840,000 after acquiring an additional 1,180,482 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of BlackRock MuniYield Quality Fund by 3.0% in the 4th quarter. Guggenheim Capital LLC now owns 1,557,152 shares of the financial services provider’s stock valued at $17,596,000 after acquiring an additional 45,356 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of BlackRock MuniYield Quality Fund by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 930,683 shares of the financial services provider’s stock valued at $10,517,000 after acquiring an additional 54,787 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of BlackRock MuniYield Quality Fund by 18.2% during the 4th quarter. Van ECK Associates Corp now owns 544,362 shares of the financial services provider’s stock valued at $6,151,000 after acquiring an additional 83,767 shares in the last quarter. 25.51% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Stock Down 0.0%

BlackRock MuniYield Quality Fund stock opened at $11.37 on Monday. The company has a fifty day moving average price of $11.44 and a two-hundred day moving average price of $11.45. BlackRock MuniYield Quality Fund, Inc. has a 12 month low of $10.84 and a 12 month high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.1%.

About BlackRock MuniYield Quality Fund

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.