Logan Stone Capital LLC Lowers Stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Logan Stone Capital LLC cut its stake in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 49.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 233,311 shares of the investment management company’s stock after selling 224,786 shares during the period. Logan Stone Capital LLC owned about 0.61% of BlackRock MuniYield New York Quality Fund worth $2,443,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Karpus Management Inc. boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 6.0% in the 4th quarter. Karpus Management Inc. now owns 1,032,621 shares of the investment management company’s stock valued at $10,667,000 after purchasing an additional 58,786 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock MuniYield New York Quality Fund by 0.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 681,556 shares of the investment management company’s stock valued at $7,136,000 after acquiring an additional 4,020 shares during the period. Robinson Capital Management LLC grew its position in BlackRock MuniYield New York Quality Fund by 13.2% during the 1st quarter. Robinson Capital Management LLC now owns 294,463 shares of the investment management company’s stock worth $2,959,000 after acquiring an additional 34,422 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in BlackRock MuniYield New York Quality Fund by 3.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 103,876 shares of the investment management company’s stock worth $1,088,000 after purchasing an additional 3,140 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in BlackRock MuniYield New York Quality Fund by 74.3% in the 4th quarter. Tortoise Investment Management LLC now owns 97,373 shares of the investment management company’s stock worth $1,006,000 after purchasing an additional 41,501 shares during the period. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Price Performance

NYSE:MYN opened at $10.76 on Friday. BlackRock MuniYield New York Quality Fund, Inc. has a fifty-two week low of $8.47 and a fifty-two week high of $10.86. The business has a 50 day moving average price of $10.55 and a 200-day moving average price of $10.43.

BlackRock MuniYield 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 $0.0512 dividend. This is a positive change from BlackRock MuniYield 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 $0.61 dividend on an annualized basis and a yield of 5.71%.

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.