Hennion & Walsh Asset Management Inc. Cuts Stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Hennion & Walsh Asset Management Inc. lessened its holdings in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 12.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 595,134 shares of the investment management company's stock after selling 86,422 shares during the period. Hennion & Walsh Asset Management Inc. owned 1.55% of BlackRock MuniYield New York Quality Fund worth $6,416,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC bought a new position in BlackRock MuniYield New York Quality Fund in the 2nd quarter worth about $121,000. TIAA Trust National Association boosted its position in shares of BlackRock MuniYield New York Quality Fund by 20.7% during the second quarter. TIAA Trust National Association now owns 12,821 shares of the investment management company's stock valued at $134,000 after buying an additional 2,200 shares during the last quarter. Breakwater Capital Group boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 68.2% during the 1st quarter. Breakwater Capital Group now owns 25,693 shares of the investment management company's stock valued at $270,000 after acquiring an additional 10,417 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 6.1% during the first quarter. Tidal Investments LLC now owns 30,897 shares of the investment management company's stock valued at $325,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in BlackRock MuniYield New York Quality Fund by 1.1% during the first quarter. Commonwealth Equity Services LLC now owns 100,736 shares of the investment management company's stock valued at $1,060,000 after purchasing an additional 1,101 shares during the period. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Price Performance

MYN traded down $0.08 during mid-day trading on Thursday, reaching $10.31. 83,461 shares of the company traded hands, compared to its average volume of 76,870. BlackRock MuniYield New York Quality Fund, Inc. has a 52-week low of $8.47 and a 52-week high of $10.87. The company's fifty day moving average price is $10.61 and its 200-day moving average price is $10.46.

BlackRock MuniYield New York Quality Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.0512 dividend. This is an increase from BlackRock MuniYield New York Quality Fund's previous monthly dividend of $0.04. The ex-dividend date is Tuesday, October 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.96%.

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.