Breakwater Capital Group Boosts Stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Breakwater Capital Group grew its holdings in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 17.8% in the 4th quarter, Holdings Channel reports. The fund owned 55,377 shares of the investment management company’s stock after acquiring an additional 8,374 shares during the period. Breakwater Capital Group’s holdings in BlackRock MuniYield New York Quality Fund were worth $558,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MYN. Commonwealth Equity Services LLC grew its holdings in BlackRock MuniYield New York Quality Fund by 3.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 103,876 shares of the investment management company’s stock worth $1,088,000 after acquiring an additional 3,140 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of 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 valued at $241,000 after purchasing an additional 4,877 shares in the last quarter. Walleye Capital LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the third quarter worth about $167,000. Landscape Capital Management L.L.C. grew its stake in BlackRock MuniYield New York Quality Fund by 154.6% in the third quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company’s stock worth $321,000 after purchasing an additional 18,098 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in BlackRock MuniYield New York Quality Fund in the third quarter valued at about $335,000. Institutional investors and hedge funds own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Up 0.6 %

NYSE:MYN opened at $10.12 on Wednesday. The business’s 50 day moving average is $10.32 and its two-hundred day moving average is $10.46. BlackRock MuniYield New York Quality Fund, Inc. has a 52 week low of $9.97 and a 52 week high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.0512 per share. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 annualized dividend and a dividend yield of 6.07%. The ex-dividend date is Wednesday, January 15th.

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.