BlackRock MuniYield New York Quality Fund, Inc. $MYN Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 81.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,238,577 shares of the investment management company’s stock after purchasing an additional 557,751 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BlackRock MuniYield New York Quality Fund were worth $11,890,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Elyxium Wealth LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at about $42,000. Readystate Asset Management LP purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at approximately $122,000. HRT Financial LP purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at approximately $136,000. NewEdge Advisors LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 11.8% in 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. Finally, Janney Montgomery Scott LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 41.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,851 shares of the investment management company’s stock valued at $152,000 after purchasing an additional 4,661 shares in the last quarter. 29.32% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Stock Down 0.9%

BlackRock MuniYield New York Quality Fund stock opened at $9.89 on Wednesday. The company has a fifty day simple moving average of $10.01 and a 200-day simple moving average of $9.97. BlackRock MuniYield New York Quality Fund, Inc. has a 12-month low of $9.12 and a 12-month high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0512 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. 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.