Tallon Kerry Patrick Takes $122,000 Position in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Tallon Kerry Patrick acquired a new stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,030 shares of the investment management company’s stock, valued at approximately $122,000.

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

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of MYN opened at $10.18 on Friday. 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 fifty 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 company also recently disclosed 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. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.04%. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date is Wednesday, January 15th.

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.