PNC Financial Services Group Inc. Invests $560,000 in BlackRock MuniYield New York Quality Fund, Inc. $MYN

PNC Financial Services Group Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,339 shares of the investment management company’s stock, valued at approximately $560,000. PNC Financial Services Group Inc. owned about 0.06% of BlackRock MuniYield New York Quality Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in BlackRock MuniYield New York Quality Fund by 268.6% in the 1st quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company’s stock worth $2,725,000 after purchasing an additional 200,000 shares in the last quarter. Bank of America Corp DE grew its position in shares of BlackRock MuniYield New York Quality Fund by 4.3% during the second quarter. Bank of America Corp DE now owns 595,864 shares of the investment management company’s stock valued at $5,679,000 after purchasing an additional 24,406 shares in the last quarter. Equitable Holdings Inc. increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 14.6% in the third quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock worth $156,000 after purchasing an additional 2,000 shares during the last quarter. Keybank National Association OH bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter worth about $178,000. Finally, Indivisible Partners bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter worth about $464,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Trading Up 0.2%

NYSE:MYN opened at $9.72 on Tuesday. The business’s 50-day moving average is $10.00 and its 200 day moving average is $9.96. BlackRock MuniYield New York Quality Fund, Inc. has a 12 month low of $9.12 and a 12 month 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 issued a dividend of $0.0512 per share. 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.