Rivernorth Capital Management LLC Reduces Holdings in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Rivernorth Capital Management LLC lowered its stake in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,624,077 shares of the investment management company’s stock after selling 98,655 shares during the quarter. BlackRock MuniYield New York Quality Fund comprises approximately 0.8% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Rivernorth Capital Management LLC owned about 1.73% of BlackRock MuniYield New York Quality Fund worth $16,484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MYN. Elyxium Wealth LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the 4th quarter worth approximately $42,000. Western Wealth Management LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund during the first quarter worth $89,000. Meeder Advisory Services Inc. purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the first quarter valued at $122,000. Readystate Asset Management LP purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at $122,000. Finally, HRT Financial LP acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at $136,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN stock opened at $9.70 on Monday. The business has a fifty day moving average of $9.92 and a 200 day moving average of $9.93. BlackRock MuniYield New York Quality Fund, Inc. has a 1 year low of $9.20 and a 1 year high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

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