Saba Capital Management L.P. Sells 132,380 Shares of BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN)

Saba Capital Management L.P. reduced its holdings in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,991,523 shares of the financial services provider's stock after selling 132,380 shares during the period. Saba Capital Management L.P. owned about 6.59% of BlackRock MuniHoldings New York Quality Fund worth $20,592,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MHN. Envestnet Asset Management Inc. raised its position in BlackRock MuniHoldings New York Quality Fund by 32.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 15,679 shares of the financial services provider's stock valued at $162,000 after acquiring an additional 3,810 shares in the last quarter. LPL Financial LLC increased its stake in shares of BlackRock MuniHoldings New York Quality Fund by 20.7% during the 4th quarter. LPL Financial LLC now owns 25,115 shares of the financial services provider's stock worth $260,000 after purchasing an additional 4,301 shares during the last quarter. Dakota Wealth Management raised its holdings in shares of 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 valued at $265,000 after purchasing an additional 8,728 shares in the last quarter. Generation Capital Management LLC acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the 4th quarter valued at $119,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of BlackRock MuniHoldings New York Quality Fund by 24.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 74,463 shares of the financial services provider's stock valued at $770,000 after purchasing an additional 14,463 shares during the last quarter. 28.22% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings New York Quality Fund Trading Up 0.2%

NYSE:MHN traded up $0.02 during trading hours on Thursday, reaching $9.73. The company's stock had a trading volume of 53,206 shares, compared to its average volume of 62,590. BlackRock MuniHoldings New York Quality Fund, Inc. has a one year low of $9.52 and a one year high of $11.20. The business's 50-day moving average is $9.97 and its 200-day moving average is $10.35.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.0515 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.62 annualized dividend and a dividend yield of 6.35%.

BlackRock MuniHoldings New York Quality Fund Company Profile

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.