Breakwater Capital Group Invests $271,000 in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN)

Breakwater Capital Group purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) in the 4th quarter, Holdings Channel reports. The fund purchased 26,177 shares of the financial services provider’s stock, valued at approximately $271,000.

Other hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the 3rd quarter worth $122,000. Wolverine Asset Management LLC boosted its position in shares of BlackRock MuniHoldings New York Quality Fund by 4,029.9% during the third quarter. Wolverine Asset Management LLC now owns 37,582 shares of the financial services provider’s stock valued at $419,000 after buying an additional 36,672 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in BlackRock MuniHoldings New York Quality Fund by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,959 shares of the financial services provider’s stock worth $720,000 after buying an additional 2,660 shares in the last quarter. Whitebox Advisors LLC raised its position in BlackRock MuniHoldings New York Quality Fund by 174.7% in the 2nd quarter. Whitebox Advisors LLC now owns 139,973 shares of the financial services provider’s stock worth $1,506,000 after buying an additional 89,010 shares during the last quarter. Finally, Rivernorth Capital Management LLC lifted its stake in BlackRock MuniHoldings New York Quality Fund by 38.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,070,573 shares of the financial services provider’s stock valued at $11,948,000 after acquiring an additional 298,947 shares during the period. 28.22% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New York Quality Fund Stock Down 0.2 %

Shares of NYSE MHN opened at $10.35 on Wednesday. The firm’s 50-day moving average price is $10.62 and its 200-day moving average price is $10.77. BlackRock MuniHoldings New York Quality Fund, Inc. has a 52-week low of $10.18 and a 52-week high of $11.20.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.0515 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Wednesday, January 15th.

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.