BlackRock MuniYield New York Quality Fund (NYSE:MYN) Shares Pass Below 200 Day Moving Average – What’s Next?

by · The Markets Daily

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.50 and traded as low as $9.99. BlackRock MuniYield New York Quality Fund shares last traded at $10.01, with a volume of 183,730 shares changing hands.

BlackRock MuniYield New York Quality Fund Trading Up 0.7 %

The company has a 50-day moving average price of $10.41 and a two-hundred day moving average price of $10.50.

BlackRock MuniYield New York Quality Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.0512 per share. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 annualized dividend and a dividend yield of 6.10%.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. TIAA Trust National Association increased its position in shares of BlackRock MuniYield New York Quality Fund by 20.7% during the second quarter. TIAA Trust National Association now owns 12,821 shares of the investment management company’s stock valued at $134,000 after buying an additional 2,200 shares during the period. Walleye Capital LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund in the third quarter worth approximately $167,000. Joel Isaacson & Co. LLC increased its position in shares of BlackRock MuniYield New York Quality Fund by 27.9% in 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 last quarter. Landscape Capital Management L.L.C. increased its position in shares of BlackRock MuniYield New York Quality Fund by 154.6% in 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 purchasing an additional 18,098 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund in the third quarter worth approximately $335,000. 29.32% of the stock is currently owned by institutional investors.

About BlackRock MuniYield New York Quality Fund

(Get Free Report)

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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