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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be paid a dividend of 0.0512 per share by the investment management company on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, November 14th.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of BlackRock MuniYield New York Quality Fund stock traded down $0.04 on Wednesday, reaching $9.95. 98,028 shares of the company’s stock were exchanged, compared to its average volume of 96,186. The firm’s 50-day moving average is $9.97 and its two-hundred day moving average is $9.63. BlackRock MuniYield New York Quality Fund has a 52 week low of $9.12 and a 52 week high of $10.72.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Mackay Shields LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 2.4% in the 2nd quarter. Mackay Shields LLC now owns 1,174,171 shares of the investment management company’s stock worth $11,190,000 after acquiring an additional 27,816 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of BlackRock MuniYield New York Quality Fund by 4.2% during the second quarter. Guggenheim Capital LLC now owns 890,374 shares of the investment management company’s stock valued at $8,485,000 after purchasing an additional 35,966 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in BlackRock MuniYield New York Quality Fund by 53.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 680,826 shares of the investment management company’s stock worth $6,761,000 after purchasing an additional 236,616 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 4.3% in the 2nd quarter. Bank of America Corp DE now owns 595,864 shares of the investment management company’s stock worth $5,679,000 after buying an additional 24,406 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 18.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 373,572 shares of the investment management company’s stock valued at $3,710,000 after acquiring an additional 57,652 shares in the last quarter. 29.32% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Company 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.