Hennion & Walsh Asset Management Inc. Cuts Stock Holdings in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN)

Hennion & Walsh Asset Management Inc. lessened its stake in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Free Report) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,980 shares of the financial services provider's stock after selling 174,097 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.86% of BlackRock MuniHoldings New York Quality Fund worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Rivernorth Capital Management LLC boosted its stake in BlackRock MuniHoldings New York Quality Fund by 38.7% in the third quarter. Rivernorth Capital Management LLC now owns 1,070,573 shares of the financial services provider's stock valued at $11,948,000 after acquiring an additional 298,947 shares in the last quarter. Whitebox Advisors LLC boosted its stake in shares of BlackRock MuniHoldings New York Quality Fund by 5.7% during the third 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 period. Commonwealth Equity Services LLC boosted its stake in shares of BlackRock MuniHoldings New York Quality Fund by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 66,959 shares of the financial services provider's stock worth $720,000 after buying an additional 2,660 shares during the period. Wolverine Asset Management LLC boosted its stake in shares of BlackRock MuniHoldings New York Quality Fund by 4,029.9% during the third quarter. Wolverine Asset Management LLC now owns 37,582 shares of the financial services provider's stock worth $419,000 after buying an additional 36,672 shares during the period. Finally, Breakwater Capital Group acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund during the fourth quarter worth about $271,000. Institutional investors and hedge funds own 28.22% of the company's stock.

BlackRock MuniHoldings New York Quality Fund Price Performance

Shares of MHN traded up $0.04 during mid-day trading on Friday, hitting $10.41. 19,657 shares of the company's stock were exchanged, compared to its average volume of 64,651. BlackRock MuniHoldings New York Quality Fund, Inc. has a fifty-two week low of $10.18 and a fifty-two week high of $11.20. The business's 50 day moving average is $10.61 and its two-hundred day moving average is $10.76.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0515 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.62 annualized dividend and a dividend yield of 5.94%.

BlackRock MuniHoldings New York Quality Fund Profile

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.