Raymond James Financial Inc. Buys New Holdings in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN)

Raymond James Financial Inc. acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 102,308 shares of the financial services provider's stock, valued at approximately $1,058,000. Raymond James Financial Inc. owned about 0.34% of BlackRock MuniHoldings New York Quality Fund as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MHN. Rivernorth Capital Management LLC raised its position in shares of BlackRock MuniHoldings New York Quality Fund by 38.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,070,573 shares of the financial services provider's stock worth $11,948,000 after acquiring an additional 298,947 shares in the last quarter. Breakwater Capital Group bought a new position in BlackRock MuniHoldings New York Quality Fund in the fourth quarter worth about $271,000. Focused Wealth Management Inc lifted its position in shares of BlackRock MuniHoldings New York Quality Fund by 20.4% during the fourth quarter. Focused Wealth Management Inc now owns 97,261 shares of the financial services provider's stock valued at $1,006,000 after buying an additional 16,482 shares during the last quarter. Stephens Inc. AR bought a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the 4th quarter valued at about $166,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund in the 3rd quarter worth approximately $122,000. 28.22% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New York Quality Fund Trading Down 2.8 %

NYSE:MHN traded down $0.28 during midday trading on Tuesday, reaching $9.71. 131,366 shares of the stock traded hands, compared to its average volume of 60,319. BlackRock MuniHoldings New York Quality Fund, Inc. has a 12-month low of $9.68 and a 12-month high of $11.20. The business has a 50-day moving average of $10.36 and a two-hundred day moving average of $10.58.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.0515 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.37%.

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.