BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN – Get Free Report) announced a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be paid a dividend of 0.0515 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, December 22nd.
BlackRock MuniHoldings New York Quality Fund Stock Performance
MHN stock traded up $0.01 during trading on Friday, hitting $10.27. The company had a trading volume of 77,865 shares, compared to its average volume of 75,589. The firm has a 50-day moving average price of $10.34 and a 200-day moving average price of $10.00. BlackRock MuniHoldings New York Quality Fund has a 12 month low of $9.39 and a 12 month high of $10.65.
Hedge Funds Weigh In On BlackRock MuniHoldings New York Quality Fund
Several hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in BlackRock MuniHoldings New York Quality Fund during the 3rd quarter worth about $5,061,000. City of London Investment Management Co. Ltd. acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund during the 3rd quarter worth approximately $579,000. Raymond James Financial Inc. raised its stake in shares of BlackRock MuniHoldings New York Quality Fund by 44.7% during the second quarter. Raymond James Financial Inc. now owns 147,877 shares of the financial services provider’s stock worth $1,452,000 after buying an additional 45,713 shares during the last quarter. TrueMark Investments LLC bought a new stake in shares of BlackRock MuniHoldings New York Quality Fund during the third quarter worth approximately $382,000. Finally, Guggenheim Capital LLC lifted its holdings in BlackRock MuniHoldings New York Quality Fund by 5.4% in the second quarter. Guggenheim Capital LLC now owns 654,119 shares of the financial services provider’s stock valued at $6,423,000 after buying an additional 33,328 shares during the period. Institutional investors own 28.22% of the company’s stock.
About BlackRock MuniHoldings New York Quality Fund
BlackRock MuniHoldings New York Quality Fund (NYSE: MHN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York state income taxes. The fund primarily invests in investment-grade municipal securities issued by the State of New York and its political subdivisions, offering investors targeted exposure to the public finance activities of one of the nation’s largest municipal bond markets.
The fund’s portfolio is concentrated in high-quality, tax-exempt obligations such as general obligation bonds and revenue bonds backed by state and local government revenues.
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