Insider Buying: BlackRock MuniYield New York Quality Fund (NYSE:MYN) Director Acquires 49,025 Shares of Stock

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Director Robert Fairbairn purchased 49,025 shares of BlackRock MuniYield New York Quality Fund stock in a transaction that occurred on Friday, February 27th. The shares were bought at an average cost of $10.15 per share, for a total transaction of $497,603.75. Following the completion of the transaction, the director directly owned 49,025 shares in the company, valued at $497,603.75. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

BlackRock MuniYield New York Quality Fund Stock Down 0.5%

NYSE:MYN traded down $0.05 during trading hours on Tuesday, hitting $10.09. The stock had a trading volume of 317,255 shares, compared to its average volume of 124,012. The business has a 50 day simple moving average of $10.02 and a two-hundred day simple moving average of $9.94. BlackRock MuniYield New York Quality Fund, Inc. has a 1-year low of $9.12 and a 1-year high of $10.28.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.0512 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.1%.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC boosted its holdings in BlackRock MuniYield New York Quality Fund by 4.2% in 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 during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of 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 valued at $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% during the 2nd quarter. Bank of America Corp DE now owns 595,864 shares of the investment management company’s stock valued at $5,679,000 after buying an additional 24,406 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of BlackRock MuniYield New York Quality Fund by 44.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 538,416 shares of the investment management company’s stock worth $5,336,000 after buying an additional 164,844 shares in the last quarter. Finally, Fiera Capital Corp bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter worth $2,856,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniYield New York Quality Fund

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.