Ashton Thomas Securities LLC Reduces Stock Holdings in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Key Points

• Ashton Thomas Securities LLC has reduced its holdings in BlackRock MuniYield New York Quality Fund by 31.0%, now owning 59,000 shares after selling 26,500 shares in the second quarter.
• The fund recently announced a monthly dividend of $0.0512 per share, which results in an annualized yield of 6.2% for shareholders of record as of October 15.
• Various institutional investors have increased their stakes in the fund, with significant purchases made by Citadel Advisors LLC and Breakwater Capital Group among others.

Ashton Thomas Securities LLC decreased its position in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 31.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,000 shares of the investment management company's stock after selling 26,500 shares during the period. Ashton Thomas Securities LLC owned about 0.15% of BlackRock MuniYield New York Quality Fund worth $562,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MYN. Citadel Advisors LLC purchased a new position in BlackRock MuniYield New York Quality Fund in the fourth quarter valued at approximately $106,000. Breakwater Capital Group raised its holdings in BlackRock MuniYield New York Quality Fund by 16.8% during the 1st quarter. Breakwater Capital Group now owns 64,693 shares of the investment management company's stock valued at $642,000 after acquiring an additional 9,316 shares during the period. Sequoia Financial Advisors LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the 1st quarter valued at $106,000. Joel Isaacson & Co. LLC raised its holdings in BlackRock MuniYield New York Quality Fund by 44.4% during the 1st quarter. Joel Isaacson & Co. LLC now owns 32,896 shares of the investment management company's stock valued at $327,000 after acquiring an additional 10,111 shares during the period. Finally, Mackay Shields LLC raised its holdings in BlackRock MuniYield New York Quality Fund by 22.3% during the 1st quarter. Mackay Shields LLC now owns 1,146,355 shares of the investment management company's stock valued at $11,383,000 after acquiring an additional 208,831 shares during the period. Hedge funds and other institutional investors own 29.32% of the company's stock.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of MYN stock opened at $9.98 on Friday. The company's fifty day simple moving average is $9.52 and its two-hundred day simple moving average is $9.56. BlackRock MuniYield New York Quality Fund, Inc. has a 1 year low of $9.12 and a 1 year high of $10.83.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.0512 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

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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