Raymond James & Associates Lowers Stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Raymond James & Associates reduced its holdings in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,284 shares of the financial services provider’s stock after selling 3,077 shares during the period. Raymond James & Associates owned 0.42% of BlackRock MuniYield Quality Fund worth $2,094,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MQY. Massmutual Trust Co. FSB ADV purchased a new position in BlackRock MuniYield Quality Fund during the 2nd quarter valued at about $34,000. Howe & Rusling Inc. bought a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter valued at about $44,000. Newbridge Financial Services Group Inc. increased its stake in BlackRock MuniYield Quality Fund by 211.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,011 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 2,722 shares in the last quarter. First Trust Advisors LP bought a new stake in BlackRock MuniYield Quality Fund during the 1st quarter valued at about $145,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter valued at about $169,000. 36.53% of the stock is owned by institutional investors.

NYSE:MQY opened at $15.35 on Friday. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $15.34 and a fifty-two week high of $17.80. The firm has a 50-day simple moving average of $16.09 and a two-hundred day simple moving average of $16.44.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 1st. Shareholders of record on Friday, January 14th will be paid a dividend of $0.063 per share. The ex-dividend date of this dividend is Thursday, January 13th. This represents a $0.76 dividend on an annualized basis and a yield of 4.93%.

BlackRock MuniYield Quality Fund Profile

BlackRock MuniYield Quality Fund, Inc operates as a closed-end investment fund. It intends to provide shareholders with current income exempt from federal income taxes. The company was founded on July 21, 1992 is headquartered in Wilmington, DE.

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Institutional Ownership by Quarter for BlackRock MuniYield Quality Fund (NYSE:MQY)

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