Hennion & Walsh Asset Management Inc. Sells 171,347 Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Hennion & Walsh Asset Management Inc. lowered its stake in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 423,787 shares of the investment management company’s stock after selling 171,347 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 1.11% of BlackRock MuniYield New York Quality Fund worth $4,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Walleye Capital LLC acquired a new stake in BlackRock MuniYield New York Quality Fund during the third quarter worth about $167,000. Joel Isaacson & Co. LLC boosted its stake in BlackRock MuniYield New York Quality Fund by 27.9% during the third quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company’s stock worth $241,000 after buying an additional 4,877 shares in the last quarter. Landscape Capital Management L.L.C. increased its holdings in BlackRock MuniYield New York Quality Fund by 154.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company’s stock valued at $321,000 after buying an additional 18,098 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at $335,000. Finally, Breakwater Capital Group lifted its holdings in shares of BlackRock MuniYield New York Quality Fund by 17.8% during the 4th quarter. Breakwater Capital Group now owns 55,377 shares of the investment management company’s stock worth $558,000 after acquiring an additional 8,374 shares during the period. 29.32% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Trading Up 0.9 %

Shares of BlackRock MuniYield New York Quality Fund stock opened at $10.19 on Thursday. BlackRock MuniYield New York Quality Fund, Inc. has a twelve month low of $9.97 and a twelve month high of $10.87. The firm’s 50-day simple moving average is $10.32 and its 200-day simple moving average is $10.46.

BlackRock MuniYield New York Quality Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0512 dividend. The ex-dividend date is Wednesday, January 15th. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.03%.

About BlackRock MuniYield New York Quality Fund

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