Alesco Advisors LLC Acquires New Shares in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)

Alesco Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,387 shares of the financial services provider’s stock, valued at approximately $151,000.

Several other hedge funds have also recently bought and sold shares of MQY. Commonwealth Equity Services LLC increased its holdings in shares of BlackRock MuniYield Quality Fund by 7.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 106,060 shares of the financial services provider’s stock valued at $1,085,000 after acquiring an additional 7,138 shares during the last quarter. Raymond James & Associates grew its holdings in BlackRock MuniYield Quality Fund by 19.6% during the third quarter. Raymond James & Associates now owns 151,759 shares of the financial services provider’s stock valued at $1,552,000 after purchasing an additional 24,914 shares during the last quarter. Simon Quick Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund in the third quarter valued at approximately $178,000. Brown Advisory Inc. raised its position in shares of BlackRock MuniYield Quality Fund by 6.7% in the third quarter. Brown Advisory Inc. now owns 16,265 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 1,015 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of BlackRock MuniYield Quality Fund by 7.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 536,485 shares of the financial services provider’s stock worth $5,488,000 after buying an additional 35,265 shares during the last quarter. 25.51% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Price Performance

Shares of NYSE MQY traded up $0.03 during trading hours on Friday, hitting $11.83. 78,994 shares of the stock were exchanged, compared to its average volume of 125,938. BlackRock MuniYield Quality Fund, Inc. has a one year low of $9.82 and a one year high of $12.52. The company’s 50 day moving average is $12.21 and its 200 day moving average is $11.74.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.