Concorde Asset Management LLC Buys New Shares in BlackRock MuniYield Quality Fund, Inc. $MQY

Concorde Asset Management LLC bought a new position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 45,476 shares of the financial services provider’s stock, valued at approximately $502,000.

Other hedge funds have also added to or reduced their stakes in the company. Rivernorth Capital Management LLC boosted its position in BlackRock MuniYield Quality Fund by 223.8% during the first quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock valued at $86,735,000 after buying an additional 5,459,910 shares during the period. Bank of America Corp DE grew its stake in shares of BlackRock MuniYield Quality Fund by 220.5% during the first quarter. Bank of America Corp DE now owns 1,715,834 shares of the financial services provider’s stock valued at $18,840,000 after buying an additional 1,180,482 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of BlackRock MuniYield Quality Fund by 3.0% in the fourth quarter. Guggenheim Capital LLC now owns 1,557,152 shares of the financial services provider’s stock worth $17,596,000 after buying an additional 45,356 shares during the period. Wells Fargo & Company MN increased its holdings in shares of BlackRock MuniYield Quality Fund by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 930,683 shares of the financial services provider’s stock worth $10,517,000 after buying an additional 54,787 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of BlackRock MuniYield Quality Fund by 18.2% in the fourth quarter. Van ECK Associates Corp now owns 544,362 shares of the financial services provider’s stock worth $6,151,000 after buying an additional 83,767 shares during the period. 25.51% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund Price Performance

NYSE MQY opened at $11.20 on Friday. BlackRock MuniYield Quality Fund, Inc. has a 1-year low of $10.84 and a 1-year high of $11.94. The stock has a 50-day moving average of $11.45 and a 200-day moving average of $11.46.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.058 dividend. 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.

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.