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

Key Points

• BlackRock MuniYield New York Quality Fund, Inc. will issue a monthly dividend of $0.0512 per share on November 3rd, representing an annual yield of 6.1% for shareholders of record as of October 15th.
• The fund's stock has seen a slight increase, trading at $10.03, with a 52-week range between $9.12 and $10.83.
• Institutional investors own 29.32% of the fund's stock, with recent increases in positions by firms such as Bank of America Corp DE and Guggenheim Capital LLC during the second quarter.

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) announced a monthly dividend on Wednesday, October 1st. Shareholders of record on Wednesday, October 15th will be given a dividend of 0.0512 per share by the investment management company on Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, October 15th.

BlackRock MuniYield New York Quality Fund Stock Up 0.4%

BlackRock MuniYield New York Quality Fund stock traded up $0.04 during midday trading on Thursday, reaching $10.03. The company's stock had a trading volume of 13,836 shares, compared to its average volume of 97,457. BlackRock MuniYield New York Quality Fund has a fifty-two week low of $9.12 and a fifty-two week high of $10.83. The business has a 50-day simple moving average of $9.50 and a 200-day simple moving average of $9.56.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of BlackRock MuniYield New York Quality Fund by 4.3% during the second quarter. Bank of America Corp DE now owns 595,864 shares of the investment management company's stock worth $5,679,000 after purchasing an additional 24,406 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of BlackRock MuniYield New York Quality Fund by 4.2% during the second quarter. Guggenheim Capital LLC now owns 890,374 shares of the investment management company's stock worth $8,485,000 after purchasing an additional 35,966 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of BlackRock MuniYield New York Quality Fund by 22.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the investment management company's stock worth $67,000 after purchasing an additional 1,300 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its position in shares of BlackRock MuniYield New York Quality Fund by 9.7% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 70,785 shares of the investment management company's stock worth $675,000 after purchasing an additional 6,285 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund during the second quarter worth about $27,000. 29.32% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield 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 a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.

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