Lido Advisors LLC increased its stake in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Free Report) by 70.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 291,732 shares of the investment management company’s stock after acquiring an additional 120,743 shares during the quarter. Lido Advisors LLC’s holdings in BlackRock MuniYield New York Quality Fund were worth $2,816,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its holdings in BlackRock MuniYield New York Quality Fund by 81.9% in the 1st 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 period. Guggenheim Capital LLC increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 2.5% during the 4th quarter. Guggenheim Capital LLC now owns 729,795 shares of the investment management company’s stock worth $7,232,000 after purchasing an additional 18,086 shares during the period. Bank of America Corp DE increased its holdings 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 worth $5,679,000 after purchasing an additional 24,406 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of BlackRock MuniYield New York Quality Fund by 44.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 538,416 shares of the investment management company’s stock valued at $5,336,000 after buying an additional 164,844 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of BlackRock MuniYield New York Quality Fund by 504.2% during the first quarter. Cetera Investment Advisers now owns 350,425 shares of the investment management company’s stock valued at $3,364,000 after buying an additional 292,427 shares during the last quarter. Institutional investors own 29.32% of the company’s stock.
BlackRock MuniYield New York Quality Fund Trading Down 0.3%
NYSE MYN opened at $9.76 on Friday. BlackRock MuniYield New York Quality Fund, Inc. has a twelve month low of $9.12 and a twelve month high of $10.26. The firm has a 50-day simple moving average of $10.00 and a 200 day simple moving average of $9.97.
BlackRock MuniYield New York Quality Fund Dividend Announcement
About BlackRock MuniYield New York Quality Fund
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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