Whitebox Advisors LLC Makes New $2.63 Million Investment in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Whitebox Advisors LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 273,687 shares of the investment management company’s stock, valued at approximately $2,627,000.

A number of other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its position 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 buying an additional 200,000 shares in the last quarter. Bank of America Corp DE boosted its stake in BlackRock MuniYield New York Quality Fund by 4.3% during the second 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 during the last quarter. Equitable Holdings Inc. grew its holdings in BlackRock MuniYield New York Quality Fund by 14.6% during the 3rd quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock valued at $156,000 after buying an additional 2,000 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in BlackRock MuniYield New York Quality Fund by 44.1% during the 4th 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 in the last quarter. Finally, Keybank National Association OH bought a new stake in BlackRock MuniYield New York Quality Fund in the 4th quarter worth approximately $178,000. Hedge funds and other institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Up 0.1%

Shares of MYN opened at $9.76 on Monday. BlackRock MuniYield New York Quality Fund, Inc. has a 1 year low of $9.12 and a 1 year high of $10.26. The business’s 50 day simple moving average is $10.00 and its 200-day simple moving average is $9.97.

BlackRock MuniYield New York Quality Fund Announces Dividend

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

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.