Janney Montgomery Scott LLC Increases Stock Holdings in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Janney Montgomery Scott LLC grew its holdings in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 13.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,921 shares of the financial services provider’s stock after acquiring an additional 17,482 shares during the period. Janney Montgomery Scott LLC’s holdings in BlackRock MuniYield Quality Fund were worth $1,939,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MQY. Advisors Asset Management Inc. lifted its holdings in shares of BlackRock MuniYield Quality Fund by 31.1% in the first quarter. Advisors Asset Management Inc. now owns 280,012 shares of the financial services provider’s stock valued at $3,430,000 after buying an additional 66,461 shares during the period. Pathway Financial Advisers LLC bought a new stake in BlackRock MuniYield Quality Fund during the 1st quarter valued at approximately $48,000. TruNorth Capital Management LLC bought a new stake in shares of BlackRock MuniYield Quality Fund in the second quarter valued at approximately $26,000. Clear Creek Financial Management LLC bought a new stake in shares of BlackRock MuniYield Quality Fund in the second quarter valued at about $154,000. Finally, Bank of New York Mellon Corp increased its stake in BlackRock MuniYield Quality Fund by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 61,144 shares of the financial services provider’s stock valued at $751,000 after acquiring an additional 2,771 shares during the period. Institutional investors and hedge funds own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Price Performance

NYSE:MQY opened at $12.44 on Wednesday. The firm has a 50-day moving average price of $12.86 and a 200 day moving average price of $12.47. BlackRock MuniYield Quality Fund, Inc. has a 12-month low of $10.53 and a 12-month high of $13.29.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.70 annualized dividend and a yield of 5.59%.

BlackRock MuniYield Quality Fund Company Profile

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.