Pettinga Financial Advisors LLC Lowers Stock Holdings in BlackRock MuniYield Quality Fund, Inc. $MQY

Pettinga Financial Advisors LLC reduced its position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 19.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 191,941 shares of the financial services provider’s stock after selling 47,655 shares during the quarter. Pettinga Financial Advisors LLC owned about 0.13% of BlackRock MuniYield Quality Fund worth $2,227,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in shares of BlackRock MuniYield Quality Fund by 7.4% in the 1st quarter. NewEdge Advisors LLC now owns 45,824 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 3,168 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund during the 1st quarter worth $594,000. Cetera Investment Advisers raised its stake in shares of BlackRock MuniYield Quality Fund by 20.6% during the 2nd quarter. Cetera Investment Advisers now owns 28,876 shares of the financial services provider’s stock worth $321,000 after buying an additional 4,939 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of BlackRock MuniYield Quality Fund by 22.1% in the 2nd quarter. Raymond James Financial Inc. now owns 284,228 shares of the financial services provider’s stock worth $3,158,000 after buying an additional 51,402 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund in the 2nd quarter worth about $236,000. Institutional investors and hedge funds own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Stock Performance

NYSE:MQY opened at $11.37 on Monday. The firm has a 50-day moving average price of $11.44 and a two-hundred day moving average price of $11.45. BlackRock MuniYield Quality Fund, Inc. has a twelve month low of $10.84 and a twelve month high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.058 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniYield Quality Fund Profile

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.