94,910 Shares in BlackRock MuniYield New York Quality Fund, Inc. $MYN Bought by Modern Wealth Management LLC

Modern Wealth Management LLC bought a new stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 94,910 shares of the investment management company’s stock, valued at approximately $920,000. Modern Wealth Management LLC owned 0.10% of BlackRock MuniYield New York Quality Fund as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in BlackRock MuniYield New York Quality Fund during the 4th quarter worth about $42,000. Meeder Advisory Services Inc. acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the 1st quarter valued at about $122,000. Readystate Asset Management LP acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at about $122,000. HRT Financial LP bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter valued at about $136,000. Finally, NewEdge Advisors LLC boosted its position in shares of BlackRock MuniYield New York Quality Fund by 11.8% during 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 in the last quarter. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Performance

BlackRock MuniYield New York Quality Fund stock opened at $9.76 on Monday. 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’s 50 day moving average price is $10.00 and its two-hundred day moving average price is $9.97.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0512 per share. 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

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.