Cambridge Investment Research Advisors Inc. lowered its stake in shares of BlackRock MuniYield New York Insured Fnd (NYSE:MYN) by 59.2% during the second quarter, Holdings Channel reports. The institutional investor owned 14,952 shares of the investment management company’s stock after selling 21,673 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in BlackRock MuniYield New York Insured Fnd were worth $180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fiera Capital Corp grew its holdings in shares of BlackRock MuniYield New York Insured Fnd by 45.0% during the second quarter. Fiera Capital Corp now owns 303,063 shares of the investment management company’s stock worth $3,639,000 after buying an additional 94,108 shares during the last quarter. Mariner Investment Group LLC grew its holdings in shares of BlackRock MuniYield New York Insured Fnd by 51.7% during the second quarter. Mariner Investment Group LLC now owns 166,534 shares of the investment management company’s stock worth $2,000,000 after buying an additional 56,776 shares during the last quarter. Arnhold LLC purchased a new position in shares of BlackRock MuniYield New York Insured Fnd during the first quarter worth about $1,381,000. RMB Capital Management LLC grew its holdings in shares of BlackRock MuniYield New York Insured Fnd by 88.9% during the first quarter. RMB Capital Management LLC now owns 107,303 shares of the investment management company’s stock worth $1,293,000 after buying an additional 50,485 shares during the last quarter. Finally, Robinson Capital Management LLC grew its holdings in shares of BlackRock MuniYield New York Insured Fnd by 11.9% during the second quarter. Robinson Capital Management LLC now owns 94,070 shares of the investment management company’s stock worth $1,130,000 after buying an additional 10,022 shares during the last quarter. 10.31% of the stock is currently owned by hedge funds and other institutional investors.

NYSE MYN opened at $11.33 on Wednesday. BlackRock MuniYield New York Insured Fnd has a 52-week low of $11.33 and a 52-week high of $13.36.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be issued a $0.0425 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Thursday, September 13th.

BlackRock MuniYield New York Insured Fnd Company Profile

There is no company description available for BlackRock MuniYield New York Quality Fund, Inc.

Recommended Story: How to Invest in Marijuana Stocks

Want to see what other hedge funds are holding MYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock MuniYield New York Insured Fnd (NYSE:MYN).

Institutional Ownership by Quarter for BlackRock MuniYield New York Insured Fnd (NYSE:MYN)

Receive News & Ratings for BlackRock MuniYield New York Insured Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock MuniYield New York Insured Fnd and related companies with MarketBeat.com's FREE daily email newsletter.