BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Plans Monthly Dividend of $0.05

Key Points

• BlackRock MuniHoldings New York Quality Fund has declared a monthly dividend of $0.05, payable on November 3rd to stockholders of record as of October 15th, representing a 6.0% dividend yield.
• The fund's shares recently traded at $10.28, while its annual performance shows a 12-month low of $9.39 and a high of $11.18.
• Significant institutional investment increased, with hedge funds owning 28.22% of the company's stock and notable increases in stakes from firms like Steward Partners and PNC Financial Services.

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Get Free Report) declared a monthly dividend on Wednesday, October 1st. Stockholders of record on Wednesday, October 15th will be given a dividend of 0.0515 per share by the financial services provider on Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, October 15th.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of NYSE MHN traded up $0.01 during trading hours on Thursday, hitting $10.28. 2,920 shares of the company traded hands, compared to its average volume of 70,748. The company's 50 day moving average price is $9.81 and its 200 day moving average price is $9.84. BlackRock MuniHoldings New York Quality Fund has a 12 month low of $9.39 and a 12 month high of $11.18.

Institutional Trading of BlackRock MuniHoldings New York Quality Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC increased its stake in BlackRock MuniHoldings New York Quality Fund by 117.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 5,695 shares of the financial services provider's stock worth $56,000 after purchasing an additional 3,080 shares during the period. Wellspring Financial Advisors LLC grew its position in shares of BlackRock MuniHoldings New York Quality Fund by 15.7% during the 2nd quarter. Wellspring Financial Advisors LLC now owns 23,569 shares of the financial services provider's stock worth $231,000 after buying an additional 3,200 shares in the last quarter. Bridgewater Advisors Inc. bought a new position in shares of BlackRock MuniHoldings New York Quality Fund during the 2nd quarter worth $299,000. Cetera Investment Advisers grew its position in shares of BlackRock MuniHoldings New York Quality Fund by 19.2% during the 2nd quarter. Cetera Investment Advisers now owns 91,813 shares of the financial services provider's stock worth $902,000 after buying an additional 14,763 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of BlackRock MuniHoldings New York Quality Fund by 32.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 98,763 shares of the financial services provider's stock worth $1,002,000 after buying an additional 24,300 shares in the last quarter. Hedge funds and other institutional investors own 28.22% of the company's stock.

BlackRock MuniHoldings New York Quality Fund Company 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.

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