City of London Investment Management Acquires $1.12M Stake in BlackRock MuniYield New York Quality Fund

The investment firm added over 112,000 shares of the municipal bond fund in the third quarter.

Mar. 15, 2026 at 10:49am

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City of London Investment Management Co. Ltd. acquired a new stake of 112,750 shares in BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) during the third quarter, valued at approximately $1.12 million. This represents around 0.29% ownership of the investment management company.

Why it matters

The acquisition of a sizable stake in the BlackRock MuniYield New York Quality Fund by a major investment firm like City of London Investment Management signals potential institutional interest and confidence in the municipal bond fund, which focuses on tax-exempt income from New York state.

The details

According to the 13F filing, City of London Investment Management Co. Ltd. bought the 112,750 shares of the BlackRock MuniYield New York Quality Fund in the third quarter. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

  • City of London Investment Management Co. Ltd. acquired the stake in the 3rd quarter of 2026.

The players

City of London Investment Management Co. Ltd.

An investment management firm that acquired a new stake in BlackRock MuniYield New York Quality Fund, Inc.

BlackRock MuniYield New York Quality Fund, Inc.

A diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes.

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The takeaway

The investment by City of London Investment Management in the BlackRock MuniYield New York Quality Fund suggests institutional confidence in the municipal bond fund's ability to generate tax-exempt income for investors focused on the New York market.