Arnhold LLC Acquires New Holdings in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Arnhold LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 37,100 shares of the investment management company’s stock, valued at approximately $383,000. Arnhold LLC owned about 0.10% of BlackRock MuniYield New York Quality Fund at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MYN. Saba Capital Management L.P. lifted its position in shares of BlackRock MuniYield New York Quality Fund by 49.5% in the 3rd quarter. Saba Capital Management L.P. now owns 1,607,473 shares of the investment management company’s stock worth $14,242,000 after purchasing an additional 531,925 shares during the period. Mackay Shields LLC boosted its position in BlackRock MuniYield New York Quality Fund by 49.9% during the fourth quarter. Mackay Shields LLC now owns 814,624 shares of the investment management company’s stock valued at $8,415,000 after acquiring an additional 271,029 shares during the last quarter. Fiera Capital Corp grew its holdings in BlackRock MuniYield New York Quality Fund by 2.5% during the 3rd quarter. Fiera Capital Corp now owns 554,725 shares of the investment management company’s stock worth $4,915,000 after acquiring an additional 13,319 shares during the period. AQR Arbitrage LLC raised its position in shares of BlackRock MuniYield New York Quality Fund by 47.0% in the 3rd quarter. AQR Arbitrage LLC now owns 256,203 shares of the investment management company’s stock worth $2,270,000 after acquiring an additional 81,908 shares in the last quarter. Finally, Fort Point Capital Partners LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 110.4% in the 3rd quarter. Fort Point Capital Partners LLC now owns 65,435 shares of the investment management company’s stock valued at $580,000 after purchasing an additional 34,328 shares during the period. 29.32% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Trading Down 0.2 %

NYSE MYN traded down $0.02 during trading hours on Tuesday, hitting $10.04. 54,932 shares of the company’s stock were exchanged, compared to its average volume of 74,243. The stock has a 50-day simple moving average of $10.38 and a 200 day simple moving average of $10.02. BlackRock MuniYield New York Quality Fund, Inc. has a 1-year low of $8.47 and a 1-year high of $10.62.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.0442 per share. This represents a $0.53 annualized dividend and a dividend yield of 5.28%. The ex-dividend date is Friday, April 12th.

BlackRock MuniYield New York Quality Fund Profile

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.