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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) announced a monthly dividend on Friday, January 2nd. Investors of record on Friday, February 6th will be paid a dividend of 0.0512 per share by the investment management company on Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, February 6th.

BlackRock MuniYield New York Quality Fund Stock Up 0.5%

Shares of BlackRock MuniYield New York Quality Fund stock traded up $0.05 during trading on Wednesday, hitting $10.13. 73,950 shares of the stock were exchanged, compared to its average volume of 69,164. The stock’s fifty day moving average is $10.01 and its 200 day moving average is $9.83. BlackRock MuniYield New York Quality Fund has a 12 month low of $9.12 and a 12 month high of $10.30.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the second quarter valued at $27,000. United Financial Planning Group LLC bought a new position in BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at $35,000. Steward Partners Investment Advisory LLC raised its position in shares of BlackRock MuniYield New York Quality Fund by 22.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the investment management company’s stock worth $67,000 after acquiring an additional 1,300 shares during the last quarter. Fort Point Capital Partners LLC bought a new position in BlackRock MuniYield New York Quality Fund in the third quarter valued at about $101,000. Finally, Equitable Holdings Inc. increased its position in BlackRock MuniYield New York Quality Fund by 14.6% in the third quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock worth $156,000 after purchasing an additional 2,000 shares during the period. 29.32% of the stock is owned by institutional investors and hedge funds.

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.