Bridgewater Advisors Inc. Takes $682,000 Position in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Bridgewater Advisors Inc. bought a new position in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 68,819 shares of the investment management company’s stock, valued at approximately $682,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Modern Wealth Management LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the first quarter valued at $920,000. Lido Advisors LLC lifted its stake in BlackRock MuniYield New York Quality Fund by 70.6% in the 1st quarter. Lido Advisors LLC now owns 291,732 shares of the investment management company’s stock worth $2,816,000 after acquiring an additional 120,743 shares in the last quarter. Cetera Investment Advisers boosted its position in BlackRock MuniYield New York Quality Fund by 504.2% during the 1st quarter. Cetera Investment Advisers now owns 350,425 shares of the investment management company’s stock worth $3,364,000 after acquiring an additional 292,427 shares during the period. PNC Financial Services Group Inc. acquired a new stake in BlackRock MuniYield New York Quality Fund during the 1st quarter worth about $560,000. Finally, Meeder Advisory Services Inc. purchased a new position in BlackRock MuniYield New York Quality Fund during the 1st quarter valued at about $122,000. Hedge funds and other institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Trading Down 0.3%

Shares of MYN opened at $9.76 on Friday. BlackRock MuniYield New York Quality Fund, Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $10.26. The business’s 50-day moving average is $10.00 and its 200-day moving average is $9.97.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.0512 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.