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

Key Points

• BlackRock MuniHoldings New York Quality Fund, Inc. announced a monthly dividend of $0.05 per share for investors of record on September 15, 2023, with a yield of 6.4%.
• As of the latest trading session, the fund's stock price decreased by 0.5%, reaching $9.67, with a 52-week high of $11.20 and a low of $9.39.
• Significant institutional investor activity was noted, with entities like Bank of America and Raymond James increasing their stakes by nearly 50% in some cases.

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Get Free Report) declared a monthly dividend on Tuesday, September 2nd. Investors of record on Monday, September 15th will be paid a dividend of 0.0515 per share by the financial services provider on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Monday, September 15th.

BlackRock MuniHoldings New York Quality Fund Stock Down 0.5%

BlackRock MuniHoldings New York Quality Fund stock traded down $0.04 during trading on Thursday, reaching $9.67. The stock had a trading volume of 66,816 shares, compared to its average volume of 63,316. BlackRock MuniHoldings New York Quality Fund has a 52-week low of $9.39 and a 52-week high of $11.20. The business has a 50 day moving average price of $9.65 and a 200 day moving average price of $9.89.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in BlackRock MuniHoldings New York Quality Fund by 49.9% in the 4th quarter. Bank of America Corp DE now owns 442,732 shares of the financial services provider's stock valued at $4,578,000 after buying an additional 147,361 shares during the period. Envestnet Asset Management Inc. lifted 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 valued at $162,000 after purchasing an additional 3,810 shares in the last quarter. PNC Financial Services Group Inc. increased its stake 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 valued at $1,002,000 after acquiring an additional 24,300 shares during the last quarter. Raymond James Financial Inc. increased its position in BlackRock MuniHoldings New York Quality Fund by 44.7% during the 2nd quarter. Raymond James Financial Inc. now owns 147,877 shares of the financial services provider's stock worth $1,452,000 after purchasing an additional 45,713 shares in the last quarter. Finally, Guggenheim Capital LLC increased its position in BlackRock MuniHoldings New York Quality Fund by 5.4% during the 2nd quarter. Guggenheim Capital LLC now owns 654,119 shares of the financial services provider's stock worth $6,423,000 after purchasing an additional 33,328 shares in the last quarter. 28.22% of the stock is owned by institutional investors and hedge funds.

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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