Saba Capital Management L.P. Decreases Holdings in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN)

Saba Capital Management L.P. reduced its position in BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,991,523 shares of the financial services provider’s stock after selling 132,380 shares during the period. Saba Capital Management L.P. owned approximately 6.59% of BlackRock MuniHoldings New York Quality Fund worth $20,592,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Generation Capital Management LLC acquired a new stake in BlackRock MuniHoldings New York Quality Fund during the fourth quarter worth about $119,000. Envestnet Asset Management Inc. increased its stake in shares of BlackRock MuniHoldings New York Quality Fund by 32.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,679 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 3,810 shares during the period. Stephens Inc. AR acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the fourth quarter valued at approximately $166,000. Broyhill Asset Management bought a new position in shares of BlackRock MuniHoldings New York Quality Fund in the fourth quarter valued at approximately $253,000. Finally, LPL Financial LLC boosted its holdings in shares of BlackRock MuniHoldings New York Quality Fund by 20.7% in the fourth quarter. LPL Financial LLC now owns 25,115 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 4,301 shares in the last quarter. Institutional investors and hedge funds own 28.22% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Stock Performance

Shares of NYSE:MHN opened at $9.98 on Friday. The company has a 50 day moving average price of $10.00 and a 200 day moving average price of $10.37. BlackRock MuniHoldings New York Quality Fund, Inc. has a 1-year low of $9.52 and a 1-year high of $11.20.

BlackRock MuniHoldings New York Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.0515 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.62 dividend on an annualized basis and a yield of 6.19%.

About BlackRock MuniHoldings New York Quality Fund

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.