BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Shares Purchased by Mackay Shields LLC

Mackay Shields LLC increased its stake in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 22.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,146,355 shares of the investment management company's stock after buying an additional 208,831 shares during the period. Mackay Shields LLC owned about 2.99% of BlackRock MuniYield New York Quality Fund worth $11,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC grew its position in shares of BlackRock MuniYield New York Quality Fund by 8.1% in the fourth quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company's stock valued at $8,324,000 after purchasing an additional 61,533 shares during the last quarter. Bank of America Corp DE increased its position in 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 buying an additional 77,915 shares in the last quarter. Breakwater Capital Group increased its position in BlackRock MuniYield New York Quality Fund by 16.8% during the first quarter. Breakwater Capital Group now owns 64,693 shares of the investment management company's stock worth $642,000 after buying an additional 9,316 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter worth $577,000. Finally, LPL Financial LLC lifted its position in shares of BlackRock MuniYield New York Quality Fund by 26.1% in the fourth quarter. LPL Financial LLC now owns 53,448 shares of the investment management company's stock valued at $539,000 after acquiring an additional 11,071 shares in the last quarter. 29.32% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Trading Down 0.9%

BlackRock MuniYield New York Quality Fund stock traded down $0.09 during midday trading on Monday, reaching $9.47. 90,889 shares of the company were exchanged, compared to its average volume of 95,184. The firm's 50-day simple moving average is $9.55 and its 200-day simple moving average is $9.85. BlackRock MuniYield New York Quality Fund, Inc. has a 1 year low of $9.21 and a 1 year high of $10.87.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a $0.0512 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend is Tuesday, July 15th.

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.