Hennion & Walsh Asset Management Inc. Reduces Stock Position in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Hennion & Walsh Asset Management Inc. reduced its stake in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 33.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 282,007 shares of the investment management company's stock after selling 141,780 shares during the period. Hennion & Walsh Asset Management Inc. owned about 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 and hedge funds have also recently modified their holdings of the stock. Guggenheim Capital LLC grew its position in shares of 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 valued at $8,324,000 after acquiring an additional 61,533 shares during the period. Bank of America Corp DE grew its position in shares of BlackRock MuniYield New York Quality Fund by 16.1% during the 4th quarter. Bank of America Corp DE now owns 562,629 shares of the investment management company's stock valued at $5,671,000 after acquiring an additional 77,915 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of BlackRock MuniYield New York Quality Fund by 43.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 462,824 shares of the investment management company's stock valued at $4,665,000 after acquiring an additional 140,674 shares during the period. Raymond James Financial Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter valued at approximately $577,000. Finally, LPL Financial LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 26.1% during the 4th quarter. LPL Financial LLC now owns 53,448 shares of the investment management company's stock valued at $539,000 after buying an additional 11,071 shares in the last quarter. 29.32% of the stock is owned by institutional investors.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN stock remained flat at $9.43 during trading on Friday. 68,471 shares of the company were exchanged, compared to its average volume of 93,847. The stock has a 50-day moving average price of $9.61 and a 200-day moving average price of $9.99. BlackRock MuniYield New York Quality Fund, Inc. has a 12 month low of $9.21 and a 12 month high of $10.87.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.0512 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend is Friday, June 13th.

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.