Royal Bank of Canada Increases Position in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Royal Bank of Canada lifted its holdings in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYNFree Report) by 188.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 233,743 shares of the investment management company’s stock after buying an additional 152,703 shares during the period. Royal Bank of Canada’s holdings in BlackRock MuniYield New York Quality Fund were worth $2,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter valued at about $42,000. Meeder Advisory Services Inc. acquired a new stake in BlackRock MuniYield New York Quality Fund during the 1st quarter worth approximately $122,000. Readystate Asset Management LP acquired a new stake in BlackRock MuniYield New York Quality Fund during the 4th quarter worth approximately $122,000. HRT Financial LP acquired a new stake in BlackRock MuniYield New York Quality Fund during the 4th quarter worth approximately $136,000. Finally, NewEdge Advisors LLC grew its stake in shares of BlackRock MuniYield New York Quality Fund by 11.8% in the 4th quarter. NewEdge Advisors LLC now owns 14,200 shares of the investment management company’s stock valued at $141,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Price Performance

NYSE:MYN opened at $9.76 on Tuesday. The stock’s 50 day simple moving average is $9.97 and its 200-day simple moving average is $9.95. BlackRock MuniYield New York Quality Fund, Inc. has a 12-month low of $9.15 and a 12-month high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

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

BlackRock MuniYield New York Quality Fund Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for BlackRock MuniYield New York Quality Fund (NYSE:MYN)

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