BlackRock MuniYield New York Quality Fund, Inc. $MYN Shares Bought by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC grew its holdings in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 411.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,722,732 shares of the investment management company’s stock after buying an additional 1,385,904 shares during the period. BlackRock MuniYield New York Quality Fund accounts for about 0.8% of Rivernorth Capital Management LLC’s holdings, making the stock its 24th largest holding. Rivernorth Capital Management LLC’s holdings in BlackRock MuniYield New York Quality Fund were worth $16,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its stake in BlackRock MuniYield New York Quality Fund by 81.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,238,577 shares of the investment management company’s stock worth $11,890,000 after purchasing an additional 557,751 shares during the last quarter. Guggenheim Capital LLC lifted its position 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 worth $7,232,000 after buying an additional 18,086 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 4.3% in the 2nd 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 in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 44.1% in the 4th 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 in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of BlackRock MuniYield New York Quality Fund by 504.2% in the 1st quarter. Cetera Investment Advisers now owns 350,425 shares of the investment management company’s stock valued at $3,364,000 after buying an additional 292,427 shares during the last quarter. Institutional investors and hedge funds own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Price Performance

Shares of MYN opened at $9.82 on Wednesday. BlackRock MuniYield New York Quality Fund, Inc. has a 1-year low of $9.12 and a 1-year high of $10.26. The firm has a fifty day moving average price of $10.00 and a 200 day moving average price of $9.97.

BlackRock MuniYield New York Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0512 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. 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.