Ascentis Independent Advisors bought a new position in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Free Report) during the first quarter, HoldingsChannel.com reports. The firm bought 53,170 shares of the investment management company’s stock, valued at approximately $510,000.
A number of other hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its stake in shares of 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. Bank of America Corp DE lifted 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 in the last quarter. United Financial Planning Group LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the 3rd quarter valued at $35,000. Equitable Holdings Inc. boosted its holdings 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 worth $156,000 after buying an additional 2,000 shares during the period. Finally, City of London Investment Management Co. Ltd. bought a new position in BlackRock MuniYield New York Quality Fund in the 3rd quarter worth $1,120,000. 29.32% of the stock is currently owned by institutional investors.
BlackRock MuniYield New York Quality Fund Trading Up 0.4%
Shares of MYN stock opened at $10.12 on Friday. BlackRock MuniYield New York Quality Fund, Inc. has a 52-week low of $9.12 and a 52-week high of $10.26. The stock has a fifty day simple moving average of $10.00 and a two-hundred day simple moving average of $9.97.
BlackRock MuniYield New York Quality Fund Dividend Announcement
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.
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Want to see what other hedge funds are holding MYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Free Report).
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