Joel Isaacson & Co. LLC Purchases 4,877 Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Joel Isaacson & Co. LLC lifted its position in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 27.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,360 shares of the investment management company’s stock after buying an additional 4,877 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in BlackRock MuniYield New York Quality Fund were worth $241,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Breakwater Capital Group grew its holdings in BlackRock MuniYield New York Quality Fund by 68.2% during the 1st quarter. Breakwater Capital Group now owns 25,693 shares of the investment management company’s stock worth $270,000 after acquiring an additional 10,417 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of BlackRock MuniYield New York Quality Fund by 1.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 100,736 shares of the investment management company’s stock worth $1,060,000 after purchasing an additional 1,101 shares during the period. Robinson Capital Management LLC boosted its position in BlackRock MuniYield New York Quality Fund by 13.2% during the 1st quarter. Robinson Capital Management LLC now owns 294,463 shares of the investment management company’s stock valued at $2,959,000 after acquiring an additional 34,422 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 6.1% in the 1st quarter. Tidal Investments LLC now owns 30,897 shares of the investment management company’s stock valued at $325,000 after acquiring an additional 1,777 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of BlackRock MuniYield New York Quality Fund by 0.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 681,556 shares of the investment management company’s stock worth $7,136,000 after acquiring an additional 4,020 shares in the last quarter. Hedge funds and other institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Up 0.8 %

Shares of MYN stock opened at $10.39 on Friday. The stock’s 50-day moving average is $10.61 and its 200 day moving average is $10.46. BlackRock MuniYield New York Quality Fund, Inc. has a 1-year low of $8.47 and a 1-year high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.0512 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.91%. This is an increase from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04.

BlackRock MuniYield New York Quality Fund 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.