Integrated Advisors Network LLC Makes New $682,000 Investment in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Integrated Advisors Network LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 71,015 shares of the investment management company’s stock, valued at approximately $682,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MYN. Guggenheim Capital LLC raised its position in BlackRock MuniYield New York Quality Fund by 2.5% during the fourth quarter. Guggenheim Capital LLC now owns 729,795 shares of the investment management company’s stock valued at $7,232,000 after purchasing an additional 18,086 shares in the last quarter. Bank of America Corp DE raised its position in BlackRock MuniYield New York Quality Fund by 4.3% in 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 during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in BlackRock MuniYield New York Quality Fund by 44.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 538,416 shares of the investment management company’s stock worth $5,336,000 after buying an additional 164,844 shares during the period. Fiera Capital Corp acquired a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter worth $2,856,000. Finally, Royal Bank of Canada lifted its holdings in BlackRock MuniYield New York Quality Fund by 268.6% during the 1st quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company’s stock worth $2,725,000 after buying an additional 200,000 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 0.4%

Shares of MYN stock opened at $10.12 on Friday. The business’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $9.97. BlackRock MuniYield New York Quality Fund, Inc. has a one year low of $9.12 and a one year high of $10.26.

BlackRock MuniYield New York Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0512 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

BlackRock MuniYield New York Quality Fund Company 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.