Mackay Shields LLC Acquires 271,029 Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Mackay Shields LLC increased its holdings in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 49.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 814,624 shares of the investment management company’s stock after purchasing an additional 271,029 shares during the quarter. Mackay Shields LLC owned 2.09% of BlackRock MuniYield New York Quality Fund worth $8,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Breakwater Capital Group lifted its holdings in shares of BlackRock MuniYield New York Quality Fund by 47.9% during the 3rd quarter. Breakwater Capital Group now owns 15,276 shares of the investment management company’s stock valued at $133,000 after buying an additional 4,949 shares during the period. Saba Capital Management L.P. grew its stake in shares of BlackRock MuniYield New York Quality Fund by 49.5% during the 3rd quarter. Saba Capital Management L.P. now owns 1,607,473 shares of the investment management company’s stock valued at $14,242,000 after purchasing an additional 531,925 shares during the period. AQR Arbitrage LLC grew its stake in shares of BlackRock MuniYield New York Quality Fund by 47.0% during the 3rd quarter. AQR Arbitrage LLC now owns 256,203 shares of the investment management company’s stock valued at $2,270,000 after purchasing an additional 81,908 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of BlackRock MuniYield New York Quality Fund by 4.8% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 65,415 shares of the investment management company’s stock valued at $580,000 after purchasing an additional 3,021 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 21.1% in the third quarter. Private Advisor Group LLC now owns 15,500 shares of the investment management company’s stock worth $137,000 after buying an additional 2,700 shares during the last quarter. 29.32% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Stock Down 0.6 %

MYN stock traded down $0.06 during midday trading on Thursday, reaching $10.05. 59,023 shares of the company’s stock traded hands, compared to its average volume of 75,570. BlackRock MuniYield New York Quality Fund, Inc. has a 52-week low of $8.47 and a 52-week high of $10.62. The stock’s 50-day moving average is $10.39 and its 200 day moving average is $9.97.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.0442 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock MuniYield New York Quality Fund Company Profile

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.