Elequin Capital LP Takes $107,000 Position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Elequin Capital LP acquired a new stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,331 shares of the financial services provider’s stock, valued at approximately $107,000.

A number of other institutional investors also recently modified their holdings of MQY. Van ECK Associates Corp lifted its stake in BlackRock MuniYield Quality Fund by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 430,019 shares of the financial services provider’s stock valued at $4,954,000 after buying an additional 24,874 shares during the period. Raymond James Financial Inc. acquired a new position in BlackRock MuniYield Quality Fund in the fourth quarter valued at approximately $2,558,000. Commonwealth Equity Services LLC lifted its stake in BlackRock MuniYield Quality Fund by 18.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 111,109 shares of the financial services provider’s stock valued at $1,280,000 after buying an additional 17,470 shares during the period. Stratos Wealth Partners LTD. acquired a new position in BlackRock MuniYield Quality Fund in the fourth quarter valued at approximately $132,000. Finally, Assetmark Inc. acquired a new position in BlackRock MuniYield Quality Fund in the fourth quarter valued at approximately $37,000. 25.51% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund Price Performance

Shares of MQY opened at $11.15 on Wednesday. BlackRock MuniYield Quality Fund, Inc. has a 52-week low of $10.52 and a 52-week high of $13.29. The business’s 50 day moving average price is $11.26 and its two-hundred day moving average price is $11.79.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend is Thursday, May 15th.

BlackRock MuniYield Quality Fund 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.