Allspring Global Investments Holdings LLC Grows Stock Holdings in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Allspring Global Investments Holdings LLC lifted its stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 43.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,824 shares of the investment management company’s stock after purchasing an additional 140,674 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.21% of BlackRock MuniYield New York Quality Fund worth $4,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Joel Isaacson & Co. LLC raised its holdings in BlackRock MuniYield New York Quality Fund by 27.9% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company’s stock worth $241,000 after acquiring an additional 4,877 shares during the last quarter. Breakwater Capital Group increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 17.8% in the 4th quarter. Breakwater Capital Group now owns 55,377 shares of the investment management company’s stock worth $558,000 after purchasing an additional 8,374 shares in the last quarter. Joseph P. Lucia & Associates LLC raised its stake in shares of BlackRock MuniYield New York Quality Fund by 81.0% in the fourth quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company’s stock worth $211,000 after purchasing an additional 9,380 shares during the last quarter. PFG Investments LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at $112,000. Finally, Tallon Kerry Patrick purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth 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 Price Performance

Shares of NYSE:MYN opened at $10.20 on Friday. The business has a 50-day simple moving average of $10.16 and a two-hundred day simple moving average of $10.41. BlackRock MuniYield New York Quality Fund, Inc. has a fifty-two week low of $9.99 and a fifty-two week high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.0512 per share. This represents a $0.61 annualized dividend and a dividend yield of 6.03%. 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.