The most recent Form 13F filing that Trust Financial Corp. made with the Securities and Exchange Commission (SEC) revealed that during the third quarter, the company increased its holdings in BlackRock MuniYield Quality Fund, Inc. (NYSE: MQY) by 22.9%. This information was taken directly from the most recent quarterly report provided by the company. The institutional investor now has 125,121 shares of ownership in the company’s stock after purchasing an additional 23,274 shares of the financial services provider’s stock during the period in question. This brings the total number of company ownership shares to 125,121. The BlackRock MuniYield Quality Fund, part of the portfolio of Trust Financial Corporation, had a value of $1,383,000 when the most recent reporting period came to a close.
A good number of other hedge funds have, in a manner analogous to that described above, cut back on the quantity of MQY that they are currently holding. JFS Wealth Advisors LLC increased the number of shares it owned in the BlackRock MuniYield Quality Fund by 2,680.5% over the third quarter. After making an additional purchase of 195,570 shares during the most recent quarter, JFS Wealth Advisors LLC now has 202,866 shares of the financial services provider. This brings the total value of their holdings to $2,242,000. Cornerstone Advisory LLC’s ownership of BlackRock MuniYield Quality Fund shares went up by 179.6% during the second quarter of the current fiscal year. Cornerstone Advisory LLC is now the owner of 268.223 shares of the company’s stock that provides financial services. This is the result of the company making an additional purchase of 172,534 shares during the most recent quarter. During the first quarter, Bank of America Corp. (DE) was able to amass a 9.9% higher ownership stake in the BlackRock MuniYield Quality Fund than it did at the beginning of the period. Bank of America Corp. (DE) now has 1,507,676 stock held by the financial services provider due to purchasing an additional 135,233 shares during the preceding quarter. The stock has a value of $20,790,000, and Bank of America Corp.’s DE holdings are worth exactly that amount. During the first three months of the year, Rivernorth Capital Management, LLC, made a fresh investment in the BlackRock MuniYield Quality Fund for $1,258,000. A fresh investment of 1,164,000 dollars was made in the BlackRock MuniYield Quality Fund by Robinson Capital Management LLC during the first three months of the year.
The price of one share of stock in the BlackRock MuniYield Quality Fund was set at $12.15 and traded for the first time on Thursday. Over the previous twelve months, the price of an investment in the BlackRock MuniYield Quality Fund, Inc., has ranged anywhere from $10.48 to $15.23. The moving average price of the stock over the previous fifty days is $11.69, and the moving average price over the previous two hundred days is $11.93.
In addition, the company has announced that it will be paying a monthly dividend, which is scheduled to be paid on February 1st. On Friday, January 13th, “recorded” investors will be eligible to receive a $0.047 dividend payment. On an annualized basis, this translates to a dividend payout of $0.56 per share, giving the stock a yield of 4.64%. The dividend will be withheld from shareholder accounts beginning Thursday, January 12th.
The fixed-income mutual fund, known as BlackRock MuniYield Quality Fund, Inc., was introduced into the world by BlackRock, Inc., the company responsible for the fund’s launch. BlackRock Advisors, LLC, handle the management of this organization. The fund engages in activities such as investing in fixed-income securities. It does this by investing in long-term municipal debt, the interest exempt from all levels of taxation in the United States: federal, state, and local. In addition to this, the fund can promptly carry out i