Rivernorth Capital Management LLC Has $82.29 Million Holdings in BlackRock MuniYield Quality Fund, Inc. $MQY

Rivernorth Capital Management LLC reduced its holdings in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 10.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,094,331 shares of the financial services provider’s stock after selling 805,024 shares during the period. BlackRock MuniYield Quality Fund comprises about 3.9% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Rivernorth Capital Management LLC’s holdings in BlackRock MuniYield Quality Fund were worth $82,294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Benjamin Edwards Inc. raised its position in BlackRock MuniYield Quality Fund by 9.9% in the second quarter. Benjamin Edwards Inc. now owns 80,894 shares of the financial services provider’s stock worth $938,000 after purchasing an additional 7,268 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in BlackRock MuniYield Quality Fund by 117.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,321 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,255 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of BlackRock MuniYield Quality Fund by 2.6% in the 2nd quarter. Van ECK Associates Corp now owns 1,194,747 shares of the financial services provider’s stock valued at $13,859,000 after purchasing an additional 30,234 shares during the period. Equitable Holdings Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund in the 2nd quarter worth approximately $177,000. Finally, Centaurus Financial Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund in the 2nd quarter worth approximately $130,000. Institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Stock Down 0.1%

Shares of MQY stock opened at $11.06 on Monday. The stock’s fifty day simple moving average is $11.38 and its 200 day simple moving average is $11.40. BlackRock MuniYield Quality Fund, Inc. has a one year low of $10.84 and a one year high of $11.94.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.058 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date 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.