Fiera Capital Corp Buys New Shares in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Fiera Capital Corp bought a new stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 288,178 shares of the investment management company’s stock, valued at approximately $2,856,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Arnhold LLC lifted its position in BlackRock MuniYield New York Quality Fund by 19.0% in the 4th quarter. Arnhold LLC now owns 31,265 shares of the investment management company’s stock worth $310,000 after buying an additional 5,000 shares during the last quarter. Quantify Chaos Advisors LLC purchased a new stake in BlackRock MuniYield New York Quality Fund in the fourth quarter worth approximately $336,000. Elyxium Wealth LLC purchased a new stake in BlackRock MuniYield New York Quality Fund in the fourth quarter worth approximately $42,000. Indivisible Partners purchased a new stake in BlackRock MuniYield New York Quality Fund in the fourth quarter worth approximately $464,000. Finally, Keybank National Association OH purchased a new stake in BlackRock MuniYield New York Quality Fund in the fourth quarter worth approximately $178,000. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Up 0.7%

Shares of MYN opened at $10.03 on Wednesday. The stock has a 50 day simple moving average of $9.88 and a two-hundred day simple moving average of $9.96. BlackRock MuniYield New York Quality Fund, Inc. has a 1 year low of $9.12 and a 1 year high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.0512 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniYield New York Quality Fund Profile

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.