Saba Capital Management L.P. lessened its stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,571,855 shares of the investment management company's stock after selling 342,058 shares during the period. Saba Capital Management L.P. owned 4.10% of BlackRock MuniYield New York Quality Fund worth $15,844,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of MYN. Guggenheim Capital LLC boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 8.1% in the 4th quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company's stock valued at $8,324,000 after purchasing an additional 61,533 shares during the last quarter. Bank of America Corp DE boosted its stake in BlackRock MuniYield New York Quality Fund by 16.1% in the fourth 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 last quarter. Allspring Global Investments Holdings LLC grew its holdings in 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 worth $4,665,000 after acquiring an additional 140,674 shares during the period. Raymond James Financial Inc. bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter valued at $577,000. Finally, LPL Financial LLC raised its position 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 acquiring an additional 11,071 shares during the last quarter. Institutional investors and hedge funds own 29.32% of the company's stock.
BlackRock MuniYield New York Quality Fund Stock Performance
Shares of MYN stock traded up $0.01 during trading hours on Thursday, reaching $9.51. The company had a trading volume of 62,452 shares, compared to its average volume of 92,214. BlackRock MuniYield New York Quality Fund, Inc. has a 1-year low of $9.21 and a 1-year high of $10.87. The company has a 50 day moving average of $9.71 and a 200 day moving average of $10.06.
BlackRock MuniYield New York Quality Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.0512 dividend. This represents a $0.61 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend is Thursday, May 15th.
BlackRock MuniYield New York Quality Fund Profile
(
Free Report)
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.
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