Mackay Shields LLC Has $11.19 Million Stock Position in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Mackay Shields LLC increased its stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,174,171 shares of the investment management company’s stock after acquiring an additional 27,816 shares during the quarter. Mackay Shields LLC’s holdings in BlackRock MuniYield New York Quality Fund were worth $11,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Breakwater Capital Group increased its holdings in BlackRock MuniYield New York Quality Fund by 7.1% in the second quarter. Breakwater Capital Group now owns 69,272 shares of the investment management company’s stock worth $660,000 after purchasing an additional 4,579 shares in the last quarter. Royal Bank of Canada increased its holdings in BlackRock MuniYield New York Quality Fund by 268.6% in the first quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company’s stock worth $2,725,000 after purchasing an additional 200,000 shares in the last quarter. Landscape Capital Management L.L.C. increased its holdings in BlackRock MuniYield New York Quality Fund by 75.8% in the first quarter. Landscape Capital Management L.L.C. now owns 21,899 shares of the investment management company’s stock worth $217,000 after purchasing an additional 9,443 shares in the last quarter. Quantum Financial Planning Services Inc. bought a new stake in BlackRock MuniYield New York Quality Fund in the first quarter worth approximately $120,000. Finally, Cetera Investment Advisers bought a new stake in BlackRock MuniYield New York Quality Fund in the first quarter worth approximately $780,000. 29.32% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Trading Down 0.2%

Shares of MYN stock opened at $10.15 on Friday. The stock has a 50 day simple moving average of $9.63 and a two-hundred day simple moving average of $9.56. BlackRock MuniYield New York Quality Fund, Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $10.72.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a $0.0512 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, October 15th.

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.