FSA Advisors Inc. Makes New $2.95 Million Investment in BlackRock MuniYield Quality Fund, Inc. $MQY

FSA Advisors Inc. bought a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 240,717 shares of the financial services provider’s stock, valued at approximately $2,954,000. BlackRock MuniYield Quality Fund comprises about 1.2% of FSA Advisors Inc.’s holdings, making the stock its 13th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of MQY. Rivernorth Capital Management LLC lifted its stake in shares of BlackRock MuniYield Quality Fund by 223.8% during the 1st quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock worth $86,735,000 after acquiring an additional 5,459,910 shares during the last quarter. Bank of America Corp DE bought a new position in BlackRock MuniYield Quality Fund in the 2nd quarter valued at $21,090,000. Rareview Capital LLC bought a new position in BlackRock MuniYield Quality Fund in the 1st quarter valued at $4,930,000. Cura Wealth Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund in the second quarter worth $3,120,000. Finally, Cetera Investment Advisers increased its stake in 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 purchasing an additional 261,344 shares during the period. 25.51% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Trading Down 0.2%

NYSE:MQY opened at $11.11 on Friday. BlackRock MuniYield Quality Fund, Inc. has a twelve month low of $10.84 and a twelve month high of $11.94. The stock has a fifty day simple moving average of $11.38 and a 200-day simple moving average of $11.41.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.058 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.