Tortoise Investment Management LLC Trims Stock Holdings in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)

Tortoise Investment Management LLC cut its holdings in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,625 shares of the investment management company’s stock after selling 2,500 shares during the quarter. Tortoise Investment Management LLC owned about 0.13% of BlackRock MuniYield New York Quality Fund worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Breakwater Capital Group lifted its position in BlackRock MuniYield New York Quality Fund by 17.8% during the fourth quarter. Breakwater Capital Group now owns 55,377 shares of the investment management company’s stock worth $558,000 after buying an additional 8,374 shares during the period. Joseph P. Lucia & Associates LLC lifted its position in BlackRock MuniYield New York Quality Fund by 81.0% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company’s stock worth $211,000 after buying an additional 9,380 shares during the period. PFG Investments LLC purchased a new position in BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $112,000. Tallon Kerry Patrick purchased a new position in BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $122,000. Finally, Atria Wealth Solutions Inc. purchased a new position in BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $128,000. 29.32% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield New York Quality Fund Stock Performance

BlackRock MuniYield New York Quality Fund stock opened at $10.11 on Tuesday. The stock’s 50-day moving average is $10.17 and its 200-day moving average is $10.38. BlackRock MuniYield New York Quality Fund, Inc. has a 12 month low of $9.99 and a 12 month high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.0512 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.08%. This is an increase from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Friday, March 14th.

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.