Cura Wealth Advisors LLC Acquires New Stake in BlackRock MuniYield Quality Fund, Inc. $MQY

Cura Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) in the second quarter, HoldingsChannel reports. The firm acquired 269,000 shares of the financial services provider’s stock, valued at approximately $3,120,000. BlackRock MuniYield Quality Fund accounts for approximately 1.3% of Cura Wealth Advisors LLC’s holdings, making the stock its 12th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Allied Private Wealth LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth about $25,000. Global Retirement Partners LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund during the fourth quarter worth about $32,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund in the fourth quarter valued at approximately $32,000. Geneos Wealth Management Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund in the first quarter valued at approximately $34,000. Finally, Ballast Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Price Performance

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

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.