City of London Investment Management Co. Ltd. Takes $1.12 Million Position in BlackRock MuniYield New York Quality Fund, Inc. $MYN

City of London Investment Management Co. Ltd. acquired a new stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 112,750 shares of the investment management company’s stock, valued at approximately $1,120,000. City of London Investment Management Co. Ltd. owned approximately 0.29% of BlackRock MuniYield New York Quality Fund at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. United Financial Planning Group LLC bought a new position in BlackRock MuniYield New York Quality Fund during the 3rd quarter worth about $35,000. Steward Partners Investment Advisory LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 22.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the investment management company’s stock valued at $67,000 after purchasing an additional 1,300 shares in the last quarter. Equitable Holdings Inc. lifted its position in shares of BlackRock MuniYield New York Quality Fund by 14.6% in the 3rd quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock worth $156,000 after purchasing an additional 2,000 shares during the period. Arnhold LLC lifted its position in shares of BlackRock MuniYield New York Quality Fund by 61.5% in the 3rd quarter. Arnhold LLC now owns 26,265 shares of the investment management company’s stock worth $261,000 after purchasing an additional 10,000 shares during the period. Finally, TrueMark Investments LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the third quarter valued at approximately $422,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BlackRock MuniYield New York Quality Fund

In related news, Director Robert W. Fairbairn purchased 49,025 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $10.15 per share, for a total transaction of $497,603.75. Following the acquisition, the director owned 49,025 shares of the company’s stock, valued at $497,603.75. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of MYN stock opened at $9.95 on Friday. The company’s 50 day moving average is $10.04 and its 200 day moving average is $9.98. BlackRock MuniYield New York Quality Fund, Inc. has a 52-week low of $9.12 and a 52-week high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.0512 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock MuniYield New York Quality Fund Company 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.