BlackRock MuniYield Quality Fund, Inc. $MQY is Rivernorth Capital Management LLC’s 2nd Largest Position

Rivernorth Capital Management LLC boosted its stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 223.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,899,355 shares of the financial services provider’s stock after buying an additional 5,459,910 shares during the quarter. BlackRock MuniYield Quality Fund accounts for about 4.4% of Rivernorth Capital Management LLC’s holdings, making the stock its 2nd largest position. Rivernorth Capital Management LLC owned approximately 0.05% of BlackRock MuniYield Quality Fund worth $86,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of BlackRock MuniYield Quality Fund by 7.4% during the 1st quarter. NewEdge Advisors LLC now owns 45,824 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 3,168 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund in the first quarter worth $594,000. Cetera Investment Advisers lifted 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 valued at $321,000 after buying an additional 4,939 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in 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 during the period. Finally, Jane Street Group LLC bought a new stake in BlackRock MuniYield Quality Fund during the second quarter valued at about $236,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Trading Up 0.0%

NYSE:MQY opened at $11.29 on Wednesday. The stock has a 50-day moving average price of $11.44 and a 200 day moving average price of $11.47. BlackRock MuniYield Quality Fund, Inc. has a 12-month low of $10.80 and a 12-month high of $11.94.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock MuniYield Quality Fund Company 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.