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

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. Shareholders of record on Monday, September 15th will be given 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 6.2%. The ex-dividend date is Monday, September 15th.

BlackRock MuniHoldings New York Quality Fund Stock Performance

NYSE:MHN traded up $0.03 during trading hours on Tuesday, reaching $9.95. 65,442 shares of the company were exchanged, compared to its average volume of 63,815. BlackRock MuniHoldings New York Quality Fund has a 52-week low of $9.39 and a 52-week high of $11.20. The stock has a 50 day simple moving average of $9.65 and a 200 day simple moving average of $9.87.

Institutional Trading of BlackRock MuniHoldings New York Quality Fund

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in BlackRock MuniHoldings New York Quality Fund by 49.9% during the 4th quarter. Bank of America Corp DE now owns 442,732 shares of the financial services provider's stock worth $4,578,000 after purchasing an additional 147,361 shares during the period. PNC Financial Services Group Inc. boosted its position in 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 purchasing an additional 24,300 shares during the period. Royal Bank of Canada boosted its position in BlackRock MuniHoldings New York Quality Fund by 7.2% during the 1st quarter. Royal Bank of Canada now owns 247,041 shares of the financial services provider's stock worth $2,508,000 after purchasing an additional 16,600 shares during the period. Raymond James Financial Inc. boosted 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 during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in BlackRock MuniHoldings New York Quality Fund by 117.8% during the 2nd 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. 28.22% of the stock is owned by hedge funds and other institutional investors.

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.