BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Announces $0.05 Monthly Dividend

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) declared a monthly dividend on Friday, June 5th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.0512 per share by the investment management company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock MuniYield New York Quality Fund Stock Performance

MYN stock traded up $0.07 during mid-day trading on Friday, hitting $9.25. The stock had a trading volume of 555,178 shares, compared to its average volume of 187,025. BlackRock MuniYield New York Quality Fund has a 1-year low of $9.12 and a 1-year high of $10.26. The company has a fifty day moving average of $9.79 and a 200 day moving average of $9.89.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in BlackRock MuniYield New York Quality Fund by 11.8% in the 4th quarter. NewEdge Advisors LLC now owns 14,200 shares of the investment management company’s stock valued at $141,000 after buying an additional 1,500 shares during the last quarter. Equitable Holdings Inc. lifted its position in BlackRock MuniYield New York Quality Fund by 14.6% during the 3rd quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock worth $156,000 after acquiring an additional 2,000 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in BlackRock MuniYield New York Quality Fund by 5.6% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 56,785 shares of the investment management company’s stock worth $545,000 after acquiring an additional 3,000 shares during the last quarter. Elyxium Wealth LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the fourth quarter valued at about $42,000. Finally, Janney Montgomery Scott LLC boosted its holdings in BlackRock MuniYield New York Quality Fund by 41.7% during the first quarter. Janney Montgomery Scott LLC now owns 15,851 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 4,661 shares during the period. Institutional investors and hedge funds own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund, Inc (NYSE: MYN) is a non-diversified, closed-end management investment company. The fund seeks to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, while also seeking to preserve capital.

To pursue its objective, the fund invests primarily in municipal obligations issued by or on behalf of the State of New York, its municipalities, and other public authorities. Its portfolio may include bonds financing public infrastructure and essential services, such as transportation, education, utilities, health care, and housing.