Wolverine Asset Management LLC Cuts Stock Position in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Wolverine Asset Management LLC lessened its position in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 52.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,702 shares of the investment management company’s stock after selling 16,344 shares during the quarter. Wolverine Asset Management LLC’s holdings in BlackRock MuniYield New York Quality Fund were worth $148,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Wealth Solutions Inc. purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at $128,000. Allspring Global Investments Holdings LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 43.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 462,824 shares of the investment management company’s stock valued at $4,665,000 after buying an additional 140,674 shares during the period. Joseph P. Lucia & Associates LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 81.0% in the 4th quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company’s stock valued at $211,000 after buying an additional 9,380 shares during the period. PFG Investments LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at $112,000. Finally, Tallon Kerry Patrick purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at $122,000. Hedge funds and other institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Trading Up 0.0 %

MYN stock opened at $10.18 on Tuesday. BlackRock MuniYield New York Quality Fund, Inc. has a 12-month low of $9.99 and a 12-month high of $10.87. The business’s fifty day moving average price is $10.15 and its 200 day moving average price is $10.40.

BlackRock MuniYield New York Quality Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.0512 per share. This represents a $0.61 annualized dividend and a yield of 6.04%. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date is Friday, February 14th.

BlackRock MuniYield New York Quality Fund 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.