Cura Wealth Advisors LLC Invests $3.12 Million in BlackRock MuniYield Quality Fund, Inc. $MQY

Key Points

• Cura Wealth Advisors purchased 269,000 shares of BlackRock MuniYield Quality Fund, valued at approximately $3.12 million. The position represents 1.3% of the firm’s holdings and 0.18% of MQY’s shares.
• Several other institutional investors also initiated positions during the second quarter, while institutional investors and hedge funds collectively owned 25.51% of the fund.
• MQY declared a monthly dividend of $0.058 per share, implying an annualized yield of approximately 6.2%. Shares opened at $11.31, compared with a 52-week range of $10.84 to $11.94.

Cura Wealth Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 269,000 shares of the financial services provider's stock, valued at approximately $3,120,000. BlackRock MuniYield Quality Fund makes up 1.3% of Cura Wealth Advisors LLC's holdings, making the stock its 12th biggest holding. Cura Wealth Advisors LLC owned 0.18% of BlackRock MuniYield Quality Fund as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowroot Family Office LLC acquired a new position in BlackRock MuniYield Quality Fund during the second quarter worth about $371,000. Global Retirement Partners LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at approximately $105,000. Bank of New York Mellon Corp acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at approximately $967,000. Allied Private Wealth LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $25,000. Finally, Ballast Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 25.51% of the company's stock.

BlackRock MuniYield Quality Fund Stock Performance

MQY opened at $11.31 on Monday. BlackRock MuniYield Quality Fund, Inc. has a 1-year low of $10.84 and a 1-year high of $11.94. The stock's 50 day simple moving average is $11.43 and its 200 day simple moving average is $11.44.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.058 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

BlackRock MuniYield Quality Fund Company Profile

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.

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