BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) Stake Lowered by AQR Arbitrage LLC

AQR Arbitrage LLC cut its stake in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Free Report) by 43.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,416 shares of the financial services provider's stock after selling 58,956 shares during the quarter. AQR Arbitrage LLC owned approximately 0.25% of BlackRock MuniHoldings New York Quality Fund worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in BlackRock MuniHoldings New York Quality Fund by 32.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,679 shares of the financial services provider's stock worth $162,000 after purchasing an additional 3,810 shares in the last quarter. LPL Financial LLC lifted its position in BlackRock MuniHoldings New York Quality Fund by 20.7% during the 4th quarter. LPL Financial LLC now owns 25,115 shares of the financial services provider's stock worth $260,000 after acquiring an additional 4,301 shares during the last quarter. Dakota Wealth Management lifted its position in BlackRock MuniHoldings New York Quality Fund by 51.7% during the 4th quarter. Dakota Wealth Management now owns 25,622 shares of the financial services provider's stock worth $265,000 after acquiring an additional 8,728 shares during the last quarter. Generation Capital Management LLC acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the fourth quarter valued at about $119,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of BlackRock MuniHoldings New York Quality Fund by 24.1% in the fourth 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 period. 28.22% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of NYSE:MHN opened at $10.01 on Friday. The business has a 50 day moving average price of $10.11 and a 200 day moving average price of $10.43. BlackRock MuniHoldings New York Quality Fund, Inc. has a twelve month low of $9.52 and a twelve month high of $11.20.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were given a $0.0515 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.62 annualized dividend and a dividend yield of 6.17%.

About BlackRock MuniHoldings New York Quality Fund

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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