Dakota Wealth Management Lowers Position in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN)

Dakota Wealth Management lessened its stake in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) by 15.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,894 shares of the financial services provider’s stock after selling 3,106 shares during the quarter. Dakota Wealth Management owned approximately 0.06% of BlackRock MuniHoldings New York Quality Fund worth $189,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Whitebox Advisors LLC lifted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 174.7% in the second quarter. Whitebox Advisors LLC now owns 139,973 shares of the financial services provider’s stock worth $1,506,000 after buying an additional 89,010 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 53.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 28,500 shares of the financial services provider’s stock worth $307,000 after buying an additional 9,963 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 66,959 shares of the financial services provider’s stock worth $720,000 after buying an additional 2,660 shares in the last quarter. Herold Advisors Inc. purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund in the second quarter worth $186,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 1.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 521,661 shares of the financial services provider’s stock worth $5,613,000 after buying an additional 5,622 shares in the last quarter. Hedge funds and other institutional investors own 28.22% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Stock Down 0.2 %

BlackRock MuniHoldings New York Quality Fund stock opened at $10.60 on Wednesday. The firm’s fifty day moving average is $10.91 and its 200 day moving average is $10.74. BlackRock MuniHoldings New York Quality Fund, Inc. has a 52-week low of $8.76 and a 52-week high of $11.20.

BlackRock MuniHoldings New York Quality Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.0515 per share. This is an increase from BlackRock MuniHoldings New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.62 dividend on an annualized basis and a yield of 5.83%.

BlackRock MuniHoldings New York Quality Fund Profile

BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.