Raymond James Financial Services Advisors Inc. Increases Stock Position in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN)

Raymond James Financial Services Advisors Inc. boosted its stake in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 65,503 shares of the financial services provider’s stock after buying an additional 2,392 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock MuniHoldings New York Quality Fund were worth $688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Arbitrage LLC grew its position in BlackRock MuniHoldings New York Quality Fund by 51.7% during the third quarter. AQR Arbitrage LLC now owns 213,884 shares of the financial services provider’s stock valued at $1,953,000 after acquiring an additional 72,894 shares during the last quarter. Fiera Capital Corp grew its position in BlackRock MuniHoldings New York Quality Fund by 2.1% during the third quarter. Fiera Capital Corp now owns 554,614 shares of the financial services provider’s stock valued at $5,064,000 after acquiring an additional 11,594 shares during the last quarter. Shufro Rose & Co. LLC grew its position in BlackRock MuniHoldings New York Quality Fund by 24.4% during the third quarter. Shufro Rose & Co. LLC now owns 38,200 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 7,500 shares during the last quarter. Moody National Bank Trust Division bought a new position in shares of BlackRock MuniHoldings New York Quality Fund in the third quarter worth approximately $96,000. Finally, Saba Capital Management L.P. grew its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 46.6% in the third quarter. Saba Capital Management L.P. now owns 1,456,042 shares of the financial services provider’s stock worth $13,294,000 after purchasing an additional 463,132 shares during the last quarter. 28.22% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of BlackRock MuniHoldings New York Quality Fund stock opened at $10.28 on Thursday. BlackRock MuniHoldings New York Quality Fund, Inc. has a 52-week low of $8.69 and a 52-week high of $10.81. The company’s 50 day moving average price is $10.57 and its 200-day moving average price is $10.16.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.0435 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Friday, April 12th.

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.