Rivernorth Capital Management LLC Buys 47,661 Shares of BlackRock MuniYield New York Insured Fnd (NYSE:MYN)

Rivernorth Capital Management LLC grew its stake in BlackRock MuniYield New York Insured Fnd (NYSE:MYN) by 24.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,552 shares of the investment management company’s stock after purchasing an additional 47,661 shares during the quarter. Rivernorth Capital Management LLC owned approximately 0.61% of BlackRock MuniYield New York Insured Fnd worth $3,070,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in shares of BlackRock MuniYield New York Insured Fnd in the second quarter valued at approximately $158,000. Cohen & Steers Inc. lifted its holdings in BlackRock MuniYield New York Insured Fnd by 83.8% during the second quarter. Cohen & Steers Inc. now owns 21,946 shares of the investment management company’s stock worth $279,000 after acquiring an additional 10,006 shares during the period. Private Advisor Group LLC bought a new stake in BlackRock MuniYield New York Insured Fnd during the second quarter worth $346,000. Steward Partners Investment Advisory LLC bought a new stake in BlackRock MuniYield New York Insured Fnd during the second quarter worth $352,000. Finally, City of London Investment Management Co. Ltd. bought a new stake in BlackRock MuniYield New York Insured Fnd during the first quarter worth $498,000. Institutional investors own 14.55% of the company’s stock.

BlackRock MuniYield New York Insured Fnd stock traded down $0.03 during mid-day trading on Friday, reaching $12.87. 400 shares of the company’s stock were exchanged, compared to its average volume of 50,788. The business’s fifty day simple moving average is $13.09 and its 200 day simple moving average is $12.69. BlackRock MuniYield New York Insured Fnd has a one year low of $11.09 and a one year high of $13.30.

The firm also recently declared a — dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be issued a dividend of $0.0425 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a yield of 3.9%.

About BlackRock MuniYield New York Insured Fnd

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.

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Institutional Ownership by Quarter for BlackRock MuniYield New York Insured Fnd (NYSE:MYN)

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