AQR Arbitrage LLC cut its stake in shares of BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Free Report) by 43.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 76,416 shares of the financial services provider's stock after selling 58,956 shares during the period. AQR Arbitrage LLC owned about 0.25% of BlackRock MuniHoldings New York Quality Fund worth $790,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MHN. Envestnet Asset Management Inc. boosted its holdings in BlackRock MuniHoldings New York Quality Fund by 32.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,679 shares of the financial services provider's stock worth $162,000 after buying an additional 3,810 shares during the last quarter. LPL Financial LLC raised its stake in BlackRock MuniHoldings New York Quality Fund by 20.7% in the 4th quarter. LPL Financial LLC now owns 25,115 shares of the financial services provider's stock valued at $260,000 after purchasing an additional 4,301 shares during the last quarter. Dakota Wealth Management raised its stake in BlackRock MuniHoldings New York Quality Fund by 51.7% in the 4th quarter. Dakota Wealth Management now owns 25,622 shares of the financial services provider's stock valued at $265,000 after purchasing an additional 8,728 shares during the last quarter. Generation Capital Management LLC purchased a new position in BlackRock MuniHoldings New York Quality Fund in the 4th quarter valued at $119,000. Finally, PNC Financial Services Group Inc. boosted its stake in BlackRock MuniHoldings New York Quality Fund by 24.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 74,463 shares of the financial services provider's stock worth $770,000 after purchasing an additional 14,463 shares during the last quarter. 28.22% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniHoldings New York Quality Fund Price Performance
Shares of NYSE MHN traded up $0.00 during mid-day trading on Wednesday, reaching $10.02. The company's stock had a trading volume of 17,694 shares, compared to its average volume of 68,124. BlackRock MuniHoldings New York Quality Fund, Inc. has a 1-year low of $9.52 and a 1-year high of $11.20. The stock has a 50-day moving average of $10.08 and a two-hundred day moving average of $10.41.
BlackRock MuniHoldings New York Quality Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.0515 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Thursday, May 15th.
BlackRock MuniHoldings New York Quality Fund Profile
(
Free Report)
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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