Summit Trail Advisors LLC Takes Position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Summit Trail Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 29,670 shares of the financial services provider’s stock, valued at approximately $345,000.

Several other institutional investors have also added to or reduced their stakes in the business. Brown Advisory Inc. raised its holdings in shares of BlackRock MuniYield Quality Fund by 6.7% during the 3rd quarter. Brown Advisory Inc. now owns 16,265 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 1,015 shares in the last quarter. Simon Quick Advisors LLC lifted its position in BlackRock MuniYield Quality Fund by 7.2% during the fourth quarter. Simon Quick Advisors LLC now owns 18,662 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 1,246 shares during the last quarter. Moody National Bank Trust Division grew its stake in shares of BlackRock MuniYield Quality Fund by 9.9% in the 4th quarter. Moody National Bank Trust Division now owns 16,439 shares of the financial services provider’s stock worth $200,000 after buying an additional 1,479 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of BlackRock MuniYield Quality Fund in the 3rd quarter worth about $32,000. Finally, Greytown Advisors Inc. raised its position in shares of BlackRock MuniYield Quality Fund by 7.4% during the 3rd quarter. Greytown Advisors Inc. now owns 62,134 shares of the financial services provider’s stock valued at $638,000 after buying an additional 4,300 shares in the last quarter. 25.51% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund Trading Up 0.2 %

MQY opened at $12.17 on Wednesday. BlackRock MuniYield Quality Fund, Inc. has a 12 month low of $9.82 and a 12 month high of $12.52. The stock has a 50-day moving average of $12.17 and a 200 day moving average of $11.84.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.72%. The ex-dividend date is Tuesday, May 14th.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.