Hennion & Walsh Asset Management Inc. trimmed its holdings in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 33.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 282,007 shares of the investment management company's stock after selling 141,780 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.74% of BlackRock MuniYield New York Quality Fund worth $2,800,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Arnhold LLC increased its position in shares of BlackRock MuniYield New York Quality Fund by 8.9% during the 4th quarter. Arnhold LLC now owns 40,400 shares of the investment management company's stock valued at $407,000 after purchasing an additional 3,300 shares during the last quarter. Citadel Advisors LLC bought a new position in BlackRock MuniYield New York Quality Fund during the fourth quarter valued at $106,000. LPL Financial LLC increased its position in BlackRock MuniYield New York Quality Fund by 26.1% during 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 during the last quarter. Tallon Kerry Patrick purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at $122,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $128,000. Institutional investors own 29.32% of the company's stock.
BlackRock MuniYield New York Quality Fund Stock Performance
Shares of MYN stock remained flat at $9.43 during trading hours on Friday. 68,471 shares of the company were exchanged, compared to its average volume of 93,481. BlackRock MuniYield New York Quality Fund, Inc. has a 52-week low of $9.21 and a 52-week high of $10.87. The stock's 50-day moving average is $9.62 and its 200-day moving average is $10.00.
BlackRock MuniYield New York Quality Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.0512 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend is Friday, June 13th.
BlackRock MuniYield New York Quality Fund Profile
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Free Report)
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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