BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) Shares Sold by MML Investors Services LLC

MML Investors Services LLC trimmed its position in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) by 23.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,812 shares of the investment management company’s stock after selling 3,340 shares during the period. MML Investors Services LLC’s holdings in BlackRock MuniYield New York Quality Fund were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC bought a new position in BlackRock MuniYield New York Quality Fund in the third quarter worth about $335,000. Landscape Capital Management L.L.C. boosted its holdings in BlackRock MuniYield New York Quality Fund by 154.6% during the third quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company’s stock worth $321,000 after buying an additional 18,098 shares in the last quarter. Walleye Capital LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the third quarter worth approximately $167,000. Joel Isaacson & Co. LLC raised its position in shares of BlackRock MuniYield New York Quality Fund by 27.9% during the third quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company’s stock worth $241,000 after purchasing an additional 4,877 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in BlackRock MuniYield New York Quality Fund by 3.1% during the second quarter. Commonwealth Equity Services LLC now owns 103,876 shares of the investment management company’s stock valued at $1,088,000 after buying an additional 3,140 shares in the last quarter. 29.32% of the stock is currently owned by institutional investors.

BlackRock MuniYield New York Quality Fund Price Performance

BlackRock MuniYield New York Quality Fund stock opened at $10.02 on Friday. The firm’s 50 day simple moving average is $10.37 and its 200-day simple moving average is $10.49. BlackRock MuniYield New York Quality Fund, Inc. has a fifty-two week low of $9.97 and a fifty-two week high of $10.87.

BlackRock MuniYield New York Quality Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0512 per share. This is an increase from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date is Monday, December 16th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.13%.

About BlackRock MuniYield New York Quality Fund

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.