BlackRock MuniYield New York Quality Fund, Inc. $MYN Holdings Trimmed by Tortoise Investment Management LLC

Key Points

• Tortoise Investment Management LLC reduced its holdings in BlackRock MuniYield New York Quality Fund by 79.7%, owning only 10,475 shares after selling 41,150 shares.
• Other institutional investors, including Bank of America Corp DE and Raymond James Financial Inc., have also modified their positions in the fund, indicating interest from the hedge fund sector.
• The BlackRock MuniYield New York Quality Fund recently declared a monthly dividend of $0.0512 per share, with a yield of 6.6%.

Tortoise Investment Management LLC lowered its holdings in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 79.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,475 shares of the investment management company's stock after selling 41,150 shares during the period. Tortoise Investment Management LLC's holdings in BlackRock MuniYield New York Quality Fund were worth $104,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the 1st quarter worth about $106,000. Citadel Advisors LLC purchased a new position in BlackRock MuniYield New York Quality Fund in the fourth quarter valued at about $106,000. Quantum Financial Planning Services Inc. acquired a new stake in shares of BlackRock MuniYield New York Quality Fund during the first quarter worth approximately $120,000. Two Sigma Securities LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at about $161,000. Finally, Landscape Capital Management L.L.C. lifted its holdings in BlackRock MuniYield New York Quality Fund by 75.8% during the 1st quarter. Landscape Capital Management L.L.C. now owns 21,899 shares of the investment management company's stock worth $217,000 after buying an additional 9,443 shares during the last quarter. 29.32% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of NYSE:MYN traded up $0.12 during trading on Wednesday, reaching $9.36. 75,083 shares of the company's stock traded hands, compared to its average volume of 94,905. The company has a 50 day moving average of $9.35 and a 200-day moving average of $9.61. BlackRock MuniYield New York Quality Fund, Inc. has a 12 month low of $9.12 and a 12 month high of $10.87.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $0.0512 dividend. The ex-dividend date was Friday, August 15th. This represents a c) annualized dividend and a yield of 6.6%.

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.