BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Shares Purchased by Mackay Shields LLC

Mackay Shields LLC grew its stake in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 49.9% during the fourth quarter, HoldingsChannel reports. The firm owned 814,624 shares of the investment management company’s stock after buying an additional 271,029 shares during the period. Mackay Shields LLC’s holdings in BlackRock MuniYield New York Quality Fund were worth $8,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Breakwater Capital Group raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 47.9% during the 3rd quarter. Breakwater Capital Group now owns 15,276 shares of the investment management company’s stock valued at $133,000 after buying an additional 4,949 shares during the period. Saba Capital Management L.P. raised its stake in shares of BlackRock MuniYield New York Quality Fund by 49.5% during the third quarter. Saba Capital Management L.P. now owns 1,607,473 shares of the investment management company’s stock valued at $14,242,000 after purchasing an additional 531,925 shares during the period. AQR Arbitrage LLC raised its stake in shares of BlackRock MuniYield New York Quality Fund by 47.0% during the third quarter. AQR Arbitrage LLC now owns 256,203 shares of the investment management company’s stock valued at $2,270,000 after purchasing an additional 81,908 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of BlackRock MuniYield New York Quality Fund by 4.8% during the third quarter. Atria Wealth Solutions Inc. now owns 65,415 shares of the investment management company’s stock worth $580,000 after purchasing an additional 3,021 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 21.1% in the third quarter. Private Advisor Group LLC now owns 15,500 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 2,700 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

BlackRock MuniYield New York Quality Fund stock traded down $0.06 during midday trading on Thursday, hitting $10.05. 59,023 shares of the stock were exchanged, compared to its average volume of 75,570. The company has a 50 day moving average price of $10.39 and a two-hundred day moving average price of $9.97. BlackRock MuniYield New York Quality Fund, Inc. has a 1 year low of $8.47 and a 1 year high of $10.62.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.0442 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Friday, April 12th.

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.