58,339 Shares in BlackRock MuniYield New York Quality Fund, Inc. $MYN Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. acquired a new stake in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) during the first quarter, Holdings Channel.com reports. The firm acquired 58,339 shares of the investment management company’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $42,000. Meeder Advisory Services Inc. purchased a new stake in BlackRock MuniYield New York Quality Fund in the 1st quarter worth about $122,000. Readystate Asset Management LP purchased a new stake in BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $122,000. HRT Financial LP purchased a new stake in BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $136,000. Finally, NewEdge Advisors LLC lifted its stake in 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 purchasing an additional 1,500 shares during 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 $9.72 on Tuesday. BlackRock MuniYield New York Quality Fund, Inc. has a 1 year low of $9.12 and a 1 year high of $10.26. The business has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $9.96.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0512 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock MuniYield New York Quality Fund Company Profile

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.