BlackRock MuniYield New York Quality Fund (NYSE:MYN) Shares Cross Below 200 Day Moving Average – Here’s Why

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.47 and traded as low as $10.03. BlackRock MuniYield New York Quality Fund shares last traded at $10.05, with a volume of 76,979 shares changing hands.

BlackRock MuniYield New York Quality Fund Stock Down 1.3 %

The business’s fifty day moving average is $10.32 and its 200-day moving average is $10.47.

BlackRock MuniYield New York Quality Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0512 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.61 annualized dividend and a dividend yield of 6.11%. This is an increase from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

A number of institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC bought a new position in BlackRock MuniYield New York Quality Fund during the third quarter worth $167,000. Joel Isaacson & Co. LLC grew its holdings in BlackRock MuniYield New York Quality Fund by 27.9% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company’s stock worth $241,000 after acquiring an additional 4,877 shares during the period. Landscape Capital Management L.L.C. raised its position in shares of BlackRock MuniYield New York Quality Fund by 154.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company’s stock worth $321,000 after acquiring an additional 18,098 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at about $335,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 3.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 103,876 shares of the investment management company’s stock valued at $1,088,000 after purchasing an additional 3,140 shares during the period. Institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Company Profile

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.