78,542 Shares in BlackRock MuniYield New York Quality Fund, Inc. $MYN Bought by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers acquired 78,542 shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN), which is valued at approximately $780,000.
• The fund recently declared a monthly dividend of $0.0512, representing an annualized yield of 6.5%, scheduled to be paid on September 2nd.
• Institutional investors currently own 29.32% of the BlackRock MuniYield New York Quality Fund stock, with several firms increasing their stakes in the first quarter.

Cetera Investment Advisers purchased a new position in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 78,542 shares of the investment management company's stock, valued at approximately $780,000. Cetera Investment Advisers owned approximately 0.21% of BlackRock MuniYield New York Quality Fund at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE grew its stake in shares of BlackRock MuniYield New York Quality Fund by 16.1% during the fourth quarter. Bank of America Corp DE now owns 562,629 shares of the investment management company's stock worth $5,671,000 after acquiring an additional 77,915 shares during the last quarter. Guggenheim Capital LLC grew its position in BlackRock MuniYield New York Quality Fund by 8.1% during the 4th quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company's stock worth $8,324,000 after purchasing an additional 61,533 shares during the last quarter. Mackay Shields LLC increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 22.3% in the first quarter. Mackay Shields LLC now owns 1,146,355 shares of the investment management company's stock valued at $11,383,000 after purchasing an additional 208,831 shares during the period. Dakota Wealth Management purchased a new stake in BlackRock MuniYield New York Quality Fund during the first quarter worth $337,000. Finally, Raymond James Financial Inc. purchased a new position in BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $577,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of NYSE:MYN remained flat at $9.37 during trading hours on Monday. 29,352 shares of the stock traded hands, compared to its average volume of 93,463. BlackRock MuniYield New York Quality Fund, Inc. has a one year low of $9.12 and a one year high of $10.87. The company's 50 day simple moving average is $9.39 and its two-hundred day simple moving average is $9.68.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.0512 per share. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

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.