Goldman Sachs Group Inc. Takes $594,000 Position in BlackRock MuniYield Quality Fund, Inc. $MQY

Goldman Sachs Group Inc. purchased a new stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,735 shares of the financial services provider’s stock, valued at approximately $594,000.

A number of other hedge funds also recently made changes to their positions in MQY. Jane Street Group LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund in the 4th quarter valued at approximately $510,000. Cetera Investment Advisers boosted its stake in shares of BlackRock MuniYield Quality Fund by 8.4% in the 4th quarter. Cetera Investment Advisers now owns 21,621 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 1,680 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of BlackRock MuniYield Quality Fund by 106,366.7% in the 1st quarter. NBC Securities Inc. now owns 3,194 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 3,191 shares in the last quarter. Courier Capital LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund in the 1st quarter valued at approximately $187,000. Finally, CX Institutional acquired a new stake in shares of BlackRock MuniYield Quality Fund in the 1st quarter valued at approximately $130,000. 25.51% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Trading Down 0.6%

NYSE:MQY opened at $11.72 on Thursday. The firm’s 50 day simple moving average is $11.17 and its 200 day simple moving average is $11.17. BlackRock MuniYield Quality Fund, Inc. has a one year low of $10.52 and a one year high of $13.29.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.058 per share. The ex-dividend date is Monday, September 15th. This represents a c) annualized dividend and a yield of 5.9%.

BlackRock MuniYield Quality Fund 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.