BlackRock MuniHoldings New York Quality Fund, Inc. (MHN) to Issue Monthly Dividend of $0.05 on December 1st

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) declared a monthly dividend on Monday, November 3rd. Investors of record on Friday, November 14th will be paid a dividend of 0.0515 per share by the financial services provider on Monday, December 1st. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, November 14th.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of NYSE MHN traded up $0.01 during midday trading on Wednesday, reaching $10.33. 6,318 shares of the stock were exchanged, compared to its average volume of 67,391. The stock has a 50 day moving average price of $10.27 and a 200-day moving average price of $9.92. BlackRock MuniHoldings New York Quality Fund has a 52-week low of $9.39 and a 52-week high of $10.99.

Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund

Several large investors have recently added to or reduced their stakes in MHN. Allspring Global Investments Holdings LLC acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the third quarter worth approximately $5,061,000. Raymond James Financial Inc. raised its stake in BlackRock MuniHoldings New York Quality Fund by 44.7% during the second quarter. Raymond James Financial Inc. now owns 147,877 shares of the financial services provider’s stock worth $1,452,000 after purchasing an additional 45,713 shares during the period. TrueMark Investments LLC acquired a new position in shares of BlackRock MuniHoldings New York Quality Fund in the 3rd quarter valued at $382,000. Guggenheim Capital LLC boosted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 5.4% in the 2nd quarter. Guggenheim Capital LLC now owns 654,119 shares of the financial services provider’s stock valued at $6,423,000 after purchasing an additional 33,328 shares during the last quarter. Finally, Bridgewater Advisors Inc. purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund during the 2nd quarter valued at $299,000. 28.22% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New York Quality Fund Company Profile

BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.