City of London Investment Management Co. Ltd. Buys Shares of 112,750 BlackRock MuniYield New York Quality Fund, Inc. $MYN

City of London Investment Management Co. Ltd. bought a new position in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 112,750 shares of the investment management company’s stock, valued at approximately $1,120,000.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 53.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 680,826 shares of the investment management company’s stock valued at $6,761,000 after buying an additional 236,616 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in BlackRock MuniYield New York Quality Fund by 18.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 373,572 shares of the investment management company’s stock worth $3,710,000 after purchasing an additional 57,652 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in BlackRock MuniYield New York Quality Fund by 22.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the investment management company’s stock worth $67,000 after purchasing an additional 1,300 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of BlackRock MuniYield New York Quality Fund by 4.2% during the second quarter. Guggenheim Capital LLC now owns 890,374 shares of the investment management company’s stock worth $8,485,000 after purchasing an additional 35,966 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of 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. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Trading Down 0.5%

Shares of MYN opened at $9.95 on Friday. BlackRock MuniYield New York Quality Fund, Inc. has a 12 month low of $9.12 and a 12 month high of $10.26. The stock has a fifty day moving average price of $10.04 and a 200-day moving average price of $9.98.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.0512 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th.

Insider Buying and Selling

In other BlackRock MuniYield New York Quality Fund news, Director Robert W. Fairbairn purchased 49,025 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was bought at an average cost of $10.15 per share, for a total transaction of $497,603.75. Following the completion of the purchase, the director owned 49,025 shares in the company, valued at $497,603.75. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

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.