Focused Wealth Management Inc Takes $1.78 Million Position in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Focused Wealth Management Inc purchased a new position in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 185,104 shares of the investment management company’s stock, valued at approximately $1,777,000. Focused Wealth Management Inc owned approximately 0.20% of BlackRock MuniYield New York Quality Fund at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Guggenheim Capital LLC increased its stake in BlackRock MuniYield New York Quality Fund by 2.5% in the 4th quarter. Guggenheim Capital LLC now owns 729,795 shares of the investment management company’s stock valued at $7,232,000 after purchasing an additional 18,086 shares in the last quarter. Bank of America Corp DE boosted its position 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 worth $5,679,000 after purchasing an additional 24,406 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in 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 worth $5,336,000 after purchasing an additional 164,844 shares in the last quarter. Fiera Capital Corp acquired a new stake in BlackRock MuniYield New York Quality Fund in the fourth quarter valued at $2,856,000. Finally, Royal Bank of Canada grew its holdings in 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 valued at $2,725,000 after purchasing an additional 200,000 shares during the last quarter. Institutional investors and hedge funds own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN stock opened at $10.05 on Wednesday. BlackRock MuniYield New York Quality Fund, Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $10.26. The business has a fifty day simple moving average of $9.95 and a 200-day simple moving average of $9.96.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0512 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend 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.