Hennion & Walsh Asset Management Inc. Reduces Holdings in BlackRock MuniYield New York Quality Fund, Inc.

Hennion & Walsh Asset Management Inc. has decreased its investment in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 12.7% during the third quarter. This change was disclosed in the company's latest report to the Securities and Exchange Commission. After selling 86,422 shares, Hennion & Walsh Asset Management now holds 595,134 shares of this investment management firm’s stock, which constitutes around 1.55% of the total shares. At the end of this reporting period, this stake was valued at approximately $6,416,000.

Besides Hennion & Walsh, several other significant investors have also adjusted their holdings in MYN recently. For instance, Robinson Capital Management LLC raised its stake by 13.2% in the first quarter, acquiring 34,422 additional shares, bringing its total to 294,463 shares valued at $2,959,000. Breakwater Capital Group also increased its holdings significantly by 46.0% in the second quarter, owning 37,502 shares worth $393,000 after acquiring 11,809 shares. There were also movements from other firms like Joseph P. Lucia & Associates LLC, which bought new shares worth about $121,000, and Commonwealth Equity Services LLC, which increased its stake by 3.1%, adding 3,140 shares for a total of 103,876 shares valued at $1,088,000. Similarly, TIAA Trust National Association boosted its investments by 20.7%, now owning 12,821 shares valued at $134,000. It is worth noting that institutional investors and hedge funds own around 29.32% of the stock.

BlackRock MuniYield New York Quality Fund Price Performance

The MYN shares opened at $10.40 on Thursday. The stock currently shows a 50-day moving average of $10.61 and a 200-day moving average of $10.46. Over the past year, BlackRock MuniYield New York Quality Fund, Inc. has traded between a low of $8.47 and a high of $10.87.

Dividend Announcement from BlackRock MuniYield New York Quality Fund

The company has also recently announced a monthly dividend, set to be paid on Friday, November 1st. This dividend is $0.0512 per share, which translates to an annualized dividend of $0.61 and a yield of 5.91%. Investors who are on record by Tuesday, October 15th, will be entitled to this dividend. This is an increase from BlackRock MuniYield New York Quality Fund's previous dividend of $0.04.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund, Inc. is a closed-end fixed income mutual fund, launched and managed by BlackRock, Inc. The fund primarily invests in fixed income markets, focusing on a portfolio of long-term investment-grade municipal bonds that are exempt from federal, New York State, and New York City personal income taxes.

investment, dividend, stocks