Coastal Bridge Advisors LLC Takes $1.95 Million Position in BlackRock MuniYield Quality Fund, Inc. $MQY

Coastal Bridge Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the second quarter, Holdings Channel reports. The firm acquired 175,514 shares of the financial services provider’s stock, valued at approximately $1,950,000.

Several other large investors have also bought and sold shares of MQY. Northwestern Mutual Wealth Management Co. acquired a new position in BlackRock MuniYield Quality Fund during the second quarter worth about $25,000. Allied Private Wealth LLC bought a new stake in BlackRock MuniYield Quality Fund in the second quarter worth about $25,000. Global Retirement Partners LLC acquired a new stake in BlackRock MuniYield Quality Fund in the 4th quarter valued at about $32,000. Garton & Associates Financial Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund in the 4th quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of BlackRock MuniYield Quality Fund during the 1st quarter valued at about $34,000. Institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Stock Down 0.2%

Shares of MQY opened at $11.11 on Friday. The firm’s 50 day moving average is $11.38 and its 200-day moving average is $11.41. 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 announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.3%.

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.