WNY Asset Management LLC Makes New Investment in BlackRock MuniYield New York Quality Fund, Inc. $MYN

WNY Asset Management LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 130,090 shares of the investment management company’s stock, valued at approximately $1,249,000.

A number of other hedge funds have also made changes to their positions in the stock. Lido Advisors LLC lifted its holdings in BlackRock MuniYield New York Quality Fund by 70.6% in the 1st quarter. Lido Advisors LLC now owns 291,732 shares of the investment management company’s stock worth $2,816,000 after purchasing an additional 120,743 shares during the last quarter. Whitebox Advisors LLC acquired a new position in BlackRock MuniYield New York Quality Fund during the first quarter valued at approximately $2,627,000. Allspring Global Investments Holdings LLC grew its holdings in BlackRock MuniYield New York Quality Fund by 81.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,238,577 shares of the investment management company’s stock valued at $11,890,000 after purchasing an additional 557,751 shares during the last quarter. Focused Wealth Management Inc bought a new position in shares of BlackRock MuniYield New York Quality Fund in the first quarter valued at approximately $1,777,000. Finally, Rivernorth Capital Management LLC raised its position in shares of BlackRock MuniYield New York Quality Fund by 411.5% in the first quarter. Rivernorth Capital Management LLC now owns 1,722,732 shares of the investment management company’s stock valued at $16,538,000 after purchasing an additional 1,385,904 shares during the period. Institutional investors and hedge funds own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of BlackRock MuniYield New York Quality Fund stock opened at $9.70 on Friday. The firm has a fifty day simple moving average of $10.01 and a 200-day simple moving average of $9.96. BlackRock MuniYield New York Quality Fund, Inc. has a 1-year low of $9.12 and a 1-year high of $10.26.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0512 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis 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.