FSA Advisors Inc. Makes New Investment in BlackRock MuniYield Quality Fund, Inc. $MQY

FSA Advisors Inc. acquired a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 240,717 shares of the financial services provider’s stock, valued at approximately $2,954,000. BlackRock MuniYield Quality Fund comprises about 1.2% of FSA Advisors Inc.’s investment portfolio, making the stock its 13th largest position. FSA Advisors Inc. owned 0.16% of BlackRock MuniYield Quality Fund as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Rivernorth Capital Management LLC lifted its position in shares of BlackRock MuniYield Quality Fund by 223.8% in the first quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock worth $86,735,000 after buying an additional 5,459,910 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $21,090,000. Rareview Capital LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the 1st quarter valued at approximately $4,930,000. Cura Wealth Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at approximately $3,120,000. Finally, Cetera Investment Advisers grew its holdings in shares of BlackRock MuniYield Quality Fund by 500.5% in the first quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock valued at $3,443,000 after purchasing an additional 261,344 shares in the last quarter. Hedge funds and other institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Stock Performance

Shares of MQY opened at $11.11 on Friday. The company’s fifty day moving average is $11.38 and its 200 day moving average is $11.41. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $10.84 and a fifty-two week high of $11.94.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend 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.