Raymond James Financial Inc. purchased a new stake in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 102,308 shares of the financial services provider's stock, valued at approximately $1,058,000. Raymond James Financial Inc. owned about 0.34% of BlackRock MuniHoldings New York Quality Fund as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MHN. Breakwater Capital Group purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the 4th quarter valued at $271,000. Focused Wealth Management Inc raised its stake in shares of BlackRock MuniHoldings New York Quality Fund by 20.4% in the fourth quarter. Focused Wealth Management Inc now owns 97,261 shares of the financial services provider's stock valued at $1,006,000 after acquiring an additional 16,482 shares in the last quarter. Stephens Inc. AR purchased a new position in BlackRock MuniHoldings New York Quality Fund in the fourth quarter valued at $166,000. PNC Financial Services Group Inc. grew its stake in BlackRock MuniHoldings New York Quality Fund by 24.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 74,463 shares of the financial services provider's stock worth $770,000 after purchasing an additional 14,463 shares in the last quarter. Finally, Dakota Wealth Management increased its holdings in BlackRock MuniHoldings New York Quality Fund by 51.7% during the 4th quarter. Dakota Wealth Management now owns 25,622 shares of the financial services provider's stock worth $265,000 after purchasing an additional 8,728 shares during the period. 28.22% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniHoldings New York Quality Fund Price Performance
MHN stock traded up $0.04 during mid-day trading on Friday, reaching $10.06. The company had a trading volume of 18,255 shares, compared to its average volume of 61,814. The firm has a fifty day simple moving average of $10.04 and a 200 day simple moving average of $10.39. BlackRock MuniHoldings New York Quality Fund, Inc. has a fifty-two week low of $9.52 and a fifty-two week high of $11.20.
BlackRock MuniHoldings New York Quality Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a $0.0515 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.62 annualized dividend and a yield of 6.14%.
About BlackRock MuniHoldings New York Quality Fund
(
Free Report)
BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.
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