Modern Wealth Management LLC Purchases New Position in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Modern Wealth Management LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 94,910 shares of the investment management company’s stock, valued at approximately $920,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MYN. Royal Bank of Canada boosted its position in shares of BlackRock MuniYield New York Quality Fund by 268.6% during the first quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company’s stock valued at $2,725,000 after buying an additional 200,000 shares during the last quarter. Bank of America Corp DE raised its position in 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 valued at $5,679,000 after buying an additional 24,406 shares during the last quarter. Equitable Holdings Inc. raised its position in 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 valued at $156,000 after buying an additional 2,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in BlackRock MuniYield New York Quality Fund by 44.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 538,416 shares of the investment management company’s stock valued at $5,336,000 after acquiring an additional 164,844 shares in the last quarter. Finally, Keybank National Association OH bought a new position in BlackRock MuniYield New York Quality Fund during the 4th quarter valued at $178,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Stock Up 0.1%

MYN opened at $9.76 on Monday. BlackRock MuniYield New York Quality Fund, Inc. has a 1 year low of $9.12 and a 1 year high of $10.26. The firm’s fifty day moving average price is $10.00 and its two-hundred day moving average price is $9.97.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0512 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.3%.

BlackRock MuniYield New York Quality Fund 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.