BlackRock MuniYield New York Quality Fund, Inc. $MYN Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC trimmed its holdings in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 5.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,624,077 shares of the investment management company’s stock after selling 98,655 shares during the period. BlackRock MuniYield New York Quality Fund accounts for 0.8% of Rivernorth Capital Management LLC’s holdings, making the stock its 25th biggest holding. Rivernorth Capital Management LLC’s holdings in BlackRock MuniYield New York Quality Fund were worth $16,484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MYN. Bank of America Corp DE lifted its holdings in shares of BlackRock MuniYield New York Quality Fund by 132.7% in the 1st quarter. Bank of America Corp DE now owns 1,645,711 shares of the investment management company’s stock valued at $15,799,000 after buying an additional 938,369 shares during the period. Allspring Global Investments Holdings LLC boosted its position in BlackRock MuniYield New York Quality Fund by 81.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,238,577 shares of the investment management company’s stock worth $11,890,000 after purchasing an additional 557,751 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of BlackRock MuniYield New York Quality Fund by 504.2% during the 1st quarter. Cetera Investment Advisers now owns 350,425 shares of the investment management company’s stock worth $3,364,000 after purchasing an additional 292,427 shares during the period. Fiera Capital Corp purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter valued at approximately $2,856,000. Finally, Whitebox Advisors LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the first quarter worth $2,627,000. 29.32% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Stock Performance

MYN stock opened at $9.70 on Monday. The firm’s fifty day moving average is $9.92 and its 200 day moving average is $9.93. BlackRock MuniYield New York Quality Fund, Inc. has a one year low of $9.20 and a one year high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0512 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

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.