BlackRock MuniYield Quality Fund, Inc. (MQY) To Go Ex-Dividend on August 14th

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) announced a monthly dividend on Friday, June 5th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.058 per share by the financial services provider on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock MuniYield Quality Fund Stock Performance

MQY stock opened at $11.32 on Wednesday. The business has a fifty day simple moving average of $11.44 and a 200-day simple moving average of $11.44. BlackRock MuniYield Quality Fund has a 52 week low of $10.84 and a 52 week high of $11.94.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC grew its stake in BlackRock MuniYield Quality Fund by 223.8% during the first quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock worth $86,735,000 after buying an additional 5,459,910 shares during the period. Bank of America Corp DE boosted its position in BlackRock MuniYield Quality Fund by 220.5% during the 1st quarter. Bank of America Corp DE now owns 1,715,834 shares of the financial services provider’s stock worth $18,840,000 after purchasing an additional 1,180,482 shares during the period. Rareview Capital LLC acquired a new stake in BlackRock MuniYield Quality Fund in the 1st quarter valued at $4,930,000. Cura Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund during the second quarter worth about $3,120,000. Finally, Cetera Investment Advisers boosted its position in shares of BlackRock MuniYield Quality Fund by 500.5% in the first quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock worth $3,443,000 after buying an additional 261,344 shares during the period. 25.51% of the stock is currently owned by institutional investors and hedge funds.

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.