AQR Arbitrage LLC reduced its stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 85.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,322 shares of the investment management company's stock after selling 96,627 shares during the quarter. AQR Arbitrage LLC's holdings in BlackRock MuniYield New York Quality Fund were worth $165,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter worth $577,000. Guggenheim Capital LLC grew its holdings in BlackRock MuniYield New York Quality Fund by 8.1% during the fourth quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company's stock worth $8,324,000 after acquiring an additional 61,533 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of BlackRock MuniYield New York Quality Fund by 43.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 462,824 shares of the investment management company's stock worth $4,665,000 after purchasing an additional 140,674 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at about $128,000. Finally, LPL Financial LLC grew its position in BlackRock MuniYield New York Quality Fund by 26.1% during the fourth quarter. LPL Financial LLC now owns 53,448 shares of the investment management company's stock worth $539,000 after buying an additional 11,071 shares during the period. Hedge funds and other institutional investors own 29.32% of the company's stock.
BlackRock MuniYield New York Quality Fund Stock Performance
MYN traded up $0.01 during midday trading on Wednesday, reaching $9.71. 29,683 shares of the company's stock were exchanged, compared to its average volume of 90,767. The business's 50-day moving average price is $9.82 and its 200 day moving average price is $10.11. BlackRock MuniYield New York Quality Fund, Inc. has a 1-year low of $9.21 and a 1-year high of $10.87.
BlackRock MuniYield New York Quality Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.0512 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend is Thursday, May 15th.
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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