Allspring Global Investments Holdings LLC Buys 140,674 Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Allspring Global Investments Holdings LLC lifted its holdings in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 43.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 462,824 shares of the investment management company's stock after buying an additional 140,674 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.21% of BlackRock MuniYield New York Quality Fund worth $4,665,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MYN. Wolverine Asset Management LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the third quarter worth about $335,000. Landscape Capital Management L.L.C. increased its stake in shares of BlackRock MuniYield New York Quality Fund by 154.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company's stock worth $321,000 after purchasing an additional 18,098 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter worth approximately $167,000. Tallon Kerry Patrick bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter worth approximately $122,000. Finally, PFG Investments LLC purchased a new position in BlackRock MuniYield New York Quality Fund in the fourth quarter valued at approximately $112,000. 29.32% of the stock is owned by institutional investors.

BlackRock MuniYield New York Quality Fund Stock Performance

NYSE:MYN traded down $0.01 during trading hours on Friday, reaching $10.18. The stock had a trading volume of 126,168 shares, compared to its average volume of 98,805. The stock has a 50 day simple moving average of $10.16 and a 200 day simple moving average of $10.41. BlackRock MuniYield New York Quality Fund, Inc. has a 12-month low of $9.99 and a 12-month high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.0512 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.61 annualized dividend and a yield of 6.04%. This is a positive change from BlackRock MuniYield New York Quality Fund's previous monthly dividend of $0.04.

BlackRock MuniYield New York Quality Fund Profile

BlackRock MuniYield New York Quality Fund, Inc is a closed 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 primarily in a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.