Chicago Partners Investment Group LLC Invests $983,000 in BlackRock MuniYield Quality Fund, Inc. $MQY

Chicago Partners Investment Group LLC purchased a new position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 85,957 shares of the financial services provider’s stock, valued at approximately $983,000. Chicago Partners Investment Group LLC owned approximately 0.06% of BlackRock MuniYield Quality Fund at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its stake 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 in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of BlackRock MuniYield Quality Fund by 35.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,428,403 shares of the financial services provider’s stock worth $16,141,000 after acquiring an additional 370,808 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of BlackRock MuniYield Quality Fund by 6.3% in the 4th quarter. Wells Fargo & Company MN now owns 930,683 shares of the financial services provider’s stock worth $10,517,000 after purchasing an additional 54,787 shares in the last quarter. Van ECK Associates Corp raised its stake 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. Finally, Rareview Capital LLC bought a new stake in BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $4,930,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Stock Performance

MQY opened at $11.56 on Friday. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $11.94. The firm’s fifty day moving average is $11.43 and its 200 day moving average is $11.46.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.