Allspring Global Investments Holdings LLC Invests $2.66 Million in BlackRock MuniYield Quality Fund, Inc. $MQY

Allspring Global Investments Holdings LLC purchased a new position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 242,261 shares of the financial services provider’s stock, valued at approximately $2,660,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in BlackRock MuniYield Quality Fund in the 4th quarter valued at approximately $32,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth approximately $32,000. Geneos Wealth Management Inc. purchased a new position in shares of BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $34,000. Fifth Third Bancorp acquired a new stake in shares of BlackRock MuniYield Quality Fund in the 1st quarter valued at approximately $54,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund in the 4th quarter valued at approximately $69,000. Institutional investors and hedge funds own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Stock Performance

BlackRock MuniYield Quality Fund stock opened at $11.24 on Friday. BlackRock MuniYield Quality Fund, Inc. has a 1-year low of $10.79 and a 1-year high of $11.94. The stock’s 50 day moving average price is $11.43 and its 200 day moving average price is $11.47.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

BlackRock MuniYield Quality Fund 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.