Ascentis Independent Advisors Takes $510,000 Position in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Ascentis Independent Advisors purchased a new position in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 53,170 shares of the investment management company’s stock, valued at approximately $510,000. Ascentis Independent Advisors owned about 0.06% of BlackRock MuniYield New York Quality Fund at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Guggenheim Capital LLC grew its stake 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 valued at $7,232,000 after purchasing an additional 18,086 shares during the period. Bank of America Corp DE grew 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 valued at $5,679,000 after buying an additional 24,406 shares during the period. Hennion & Walsh Asset Management Inc. grew 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 valued at $5,336,000 after buying an additional 164,844 shares during the period. Fiera Capital Corp purchased a new stake in BlackRock MuniYield New York Quality Fund during the fourth quarter valued at approximately $2,856,000. Finally, Royal Bank of Canada raised its position 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 worth $2,725,000 after acquiring an additional 200,000 shares during the period. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Trading Up 0.4%

Shares of BlackRock MuniYield New York Quality Fund stock opened at $10.12 on Friday. The company’s fifty day simple moving average is $10.00 and its 200-day simple moving average is $9.97. BlackRock MuniYield New York Quality Fund, Inc. has a 1-year low of $9.12 and a 1-year high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business 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. 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.

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.