Focused Wealth Management Inc Invests $1.78 Million in BlackRock MuniYield New York Quality Fund, Inc. $MYN

Focused Wealth Management Inc acquired a new position in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) in the 1st quarter, Holdings Channel.com reports. The fund acquired 185,104 shares of the investment management company’s stock, valued at approximately $1,777,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MYN. Evolve Private Wealth LLC acquired a new stake in BlackRock MuniYield New York Quality Fund during the 1st quarter valued at $303,000. Rockefeller Capital Management L.P. increased its position in BlackRock MuniYield New York Quality Fund by 100.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 20,000 shares of the investment management company’s stock worth $198,000 after buying an additional 10,000 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 11.8% in the fourth quarter. NewEdge Advisors LLC now owns 14,200 shares of the investment management company’s stock worth $141,000 after acquiring an additional 1,500 shares during the last quarter. Readystate Asset Management LP acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter worth $122,000. Finally, Guggenheim Capital LLC lifted its position in shares of BlackRock MuniYield New York Quality Fund by 2.5% in the fourth quarter. Guggenheim Capital LLC now owns 729,795 shares of the investment management company’s stock valued at $7,232,000 after acquiring an additional 18,086 shares in the last quarter. Hedge funds and other institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Stock Performance

Shares of NYSE:MYN opened at $10.05 on Wednesday. BlackRock MuniYield New York Quality Fund, Inc. has a 52-week low of $9.12 and a 52-week high of $10.26. The stock’s fifty day simple moving average is $9.95 and its 200-day simple moving average is $9.96.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0512 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.1%.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.