Dakota Wealth Management Invests $337,000 in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Dakota Wealth Management purchased a new stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 33,908 shares of the investment management company's stock, valued at approximately $337,000. Dakota Wealth Management owned approximately 0.09% of BlackRock MuniYield New York Quality Fund at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Arnhold LLC lifted 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 worth $407,000 after purchasing an additional 3,300 shares during the last quarter. Breakwater Capital Group lifted its position in BlackRock MuniYield New York Quality Fund by 16.8% in the first 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 last quarter. Joel Isaacson & Co. LLC lifted its position in BlackRock MuniYield New York Quality Fund by 44.4% in the first 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 last quarter. Citadel Advisors LLC purchased a new stake in BlackRock MuniYield New York Quality Fund in the fourth quarter valued at $106,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in BlackRock MuniYield New York Quality Fund in the first quarter valued at $106,000. Institutional investors and hedge funds own 29.32% of the company's stock.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of NYSE:MYN traded down $0.03 on Monday, reaching $9.20. The company's stock had a trading volume of 96,725 shares, compared to its average volume of 96,969. The stock's 50-day moving average is $9.49 and its two-hundred day moving average is $9.80. BlackRock MuniYield New York Quality Fund, Inc. has a 52-week low of $9.20 and a 52-week high of $10.87.

BlackRock MuniYield New York Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.0512 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.68%.

BlackRock MuniYield New York Quality Fund 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.