Wakefield Asset Management LLLP Invests $997,000 in BlackRock MuniYield Quality Fund, Inc. $MQY

Wakefield Asset Management LLLP bought a new position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the 4th quarter, Holdings Channel.com reports. The firm bought 88,236 shares of the financial services provider’s stock, valued at approximately $997,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MQY. Hennion & Walsh Asset Management Inc. grew its holdings in shares of BlackRock MuniYield Quality Fund by 35.1% in 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 last quarter. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth approximately $1,082,000. Ameriprise Financial Inc. grew its holdings in shares of BlackRock MuniYield Quality Fund by 61.3% in the second quarter. Ameriprise Financial Inc. now owns 147,537 shares of the financial services provider’s stock worth $1,639,000 after purchasing an additional 56,089 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of BlackRock MuniYield Quality Fund by 22.1% in the second quarter. Raymond James Financial Inc. now owns 284,228 shares of the financial services provider’s stock worth $3,158,000 after purchasing an additional 51,402 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of BlackRock MuniYield Quality Fund in the first quarter worth approximately $594,000. Institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Stock Performance

Shares of BlackRock MuniYield Quality Fund stock opened at $11.24 on Friday. BlackRock MuniYield Quality Fund, Inc. has a 52-week low of $10.78 and a 52-week high of $11.94. The company’s 50 day moving average price is $11.34 and its 200-day moving average price is $11.46.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.058 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.2%.

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.