BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 8,000 shares, a drop of 45.2% from the February 13th total of 14,600 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 80,700 shares, the days-to-cover ratio is presently 0.1 days.
BlackRock MuniHoldings New York Quality Fund Trading Down 0.3 %
MHN traded down $0.03 during trading on Tuesday, hitting $10.14. The company's stock had a trading volume of 39,131 shares, compared to its average volume of 70,922. BlackRock MuniHoldings New York Quality Fund has a twelve month low of $10.11 and a twelve month high of $11.20. The firm's 50 day moving average price is $10.46 and its 200-day moving average price is $10.67.
BlackRock MuniHoldings New York Quality Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.0515 dividend. This represents a $0.62 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Friday, March 14th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in BlackRock MuniHoldings New York Quality Fund by 32.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,679 shares of the financial services provider's stock valued at $162,000 after purchasing an additional 3,810 shares during the period. LPL Financial LLC grew its stake in shares of BlackRock MuniHoldings New York Quality Fund by 20.7% during the 4th quarter. LPL Financial LLC now owns 25,115 shares of the financial services provider's stock valued at $260,000 after buying an additional 4,301 shares during the period. Whitebox Advisors LLC increased its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 5.7% during the 3rd quarter. Whitebox Advisors LLC now owns 147,993 shares of the financial services provider's stock worth $1,652,000 after buying an additional 8,020 shares during the last quarter. Dakota Wealth Management raised its position in shares of BlackRock MuniHoldings New York Quality Fund by 51.7% in the 4th quarter. Dakota Wealth Management now owns 25,622 shares of the financial services provider's stock worth $265,000 after buying an additional 8,728 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in BlackRock MuniHoldings New York Quality Fund in the third quarter valued at $122,000. Institutional investors and hedge funds own 28.22% of the company's stock.
About BlackRock MuniHoldings New York Quality Fund
(
Get Free Report)
BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.
Featured Articles
Before you consider BlackRock MuniHoldings New York Quality Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock MuniHoldings New York Quality Fund wasn't on the list.
While BlackRock MuniHoldings New York Quality Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
