Hennion & Walsh Asset Management Inc. cut its stake in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 28.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 423,787 shares of the investment management company's stock after selling 171,347 shares during the period. Hennion & Walsh Asset Management Inc. owned 1.11% of BlackRock MuniYield New York Quality Fund worth $4,272,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of MYN. Joel Isaacson & Co. LLC boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 27.9% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company's stock valued at $241,000 after buying an additional 4,877 shares during the last quarter. Breakwater Capital Group lifted its stake in BlackRock MuniYield New York Quality Fund by 17.8% in the fourth quarter. Breakwater Capital Group now owns 55,377 shares of the investment management company's stock valued at $558,000 after acquiring an additional 8,374 shares during the last quarter. Walleye Capital LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at about $167,000. Landscape Capital Management L.L.C. lifted its stake in BlackRock MuniYield New York Quality Fund by 154.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company's stock valued at $321,000 after purchasing an additional 18,098 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at about $335,000. 29.32% of the stock is currently owned by institutional investors.
BlackRock MuniYield New York Quality Fund Price Performance
NYSE MYN traded down $0.01 during trading on Thursday, reaching $10.18. 58,770 shares of the company's stock were exchanged, compared to its average volume of 81,537. The business has a 50 day moving average price of $10.32 and a 200-day moving average price of $10.46. BlackRock MuniYield New York Quality Fund, Inc. has a fifty-two week low of $9.97 and a fifty-two week high of $10.87.
BlackRock MuniYield New York Quality Fund Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a dividend of $0.0512 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from BlackRock MuniYield New York Quality Fund's previous monthly dividend of $0.04. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.04%.
BlackRock MuniYield New York Quality Fund Company Profile
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Free Report)
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.
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