Harris Stayce D., a director at BlackRock (NYSE:BLK) MuniYield Quality Fund, Inc. (NYSE:MQY), reported a recent acquisition of the company's common stock. According to a filing with the Securities and Exchange Commission, Harris purchased 10 shares on October 29, 2024, at a price of $12.36 per share, totaling approximately $123.
This acquisition brings Harris's total holdings to 10 shares, reflecting a direct ownership stake in the company. The transaction was executed without any involvement in equity swaps, as indicated in the filing.
InvestingPro Insights
While Harris Stayce D.'s recent acquisition of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares may seem modest, it's worth considering the broader context of the fund's performance and characteristics. According to InvestingPro data, MQY has a market capitalization of $892.17 million and a P/E ratio of 20.95, suggesting a moderate valuation relative to its earnings.
One notable InvestingPro Tip highlights that MQY has maintained dividend payments for 33 consecutive years, a testament to its commitment to shareholder returns. This consistency aligns with the fund's current dividend yield of 5.62%, which may be attractive to income-focused investors like Harris.
Another InvestingPro Tip indicates that the stock generally trades with low price volatility, which could be appealing to directors and investors seeking stability in their portfolio. This characteristic is particularly relevant in the context of the fund's recent performance, with a 1-year price total return of 32.03% as of the latest data.
For investors interested in a more comprehensive analysis, InvestingPro offers additional tips and metrics beyond those mentioned here. In fact, there are 6 more InvestingPro Tips available for MQY, providing deeper insights into the fund's financial health and market position.
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