Fortitude Advisory Group L.L.C. Takes Position in BlackRock MuniYield Quality Fund, Inc. $MQY

Fortitude Advisory Group L.L.C. purchased a new stake in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 53,680 shares of the financial services provider’s stock, valued at approximately $589,000.

A number of other institutional investors have also added to or reduced their stakes in MQY. Guggenheim Capital LLC lifted its stake in BlackRock MuniYield Quality Fund by 3.0% in the 4th quarter. Guggenheim Capital LLC now owns 1,557,152 shares of the financial services provider’s stock valued at $17,596,000 after purchasing an additional 45,356 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of BlackRock MuniYield Quality Fund by 35.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,428,403 shares of the financial services provider’s stock worth $16,141,000 after buying an additional 370,808 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of BlackRock MuniYield Quality Fund by 6.3% during 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 last quarter. Van ECK Associates Corp increased its holdings in shares of BlackRock MuniYield Quality Fund by 18.2% during 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 in the last quarter. Finally, Rareview Capital LLC acquired a new position in shares of BlackRock MuniYield Quality Fund during the first quarter worth $4,930,000. 25.51% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Trading Down 0.0%

Shares of MQY opened at $11.62 on Monday. BlackRock MuniYield Quality Fund, Inc. has a 52 week low of $10.78 and a 52 week high of $11.94. The stock has a fifty day moving average of $11.40 and a 200-day moving average of $11.45.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.058 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. 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.