BlackRock MuniYield New York Quality Fund (NYSE:MYN) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

BlackRock MuniYield New York Quality Fund Price Performance

The company’s fifty day moving average is $10.32 and its two-hundred day moving average is $10.47.

BlackRock MuniYield New York Quality Fund Increases Dividend

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

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in MYN. Commonwealth Equity Services LLC increased 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 in the last quarter. Wolverine Asset Management LLC acquired a new stake in BlackRock MuniYield New York Quality Fund in the third quarter valued at approximately $335,000. 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 valued at $241,000 after buying an additional 4,877 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund during the 3rd quarter worth approximately $167,000. Finally, Landscape Capital Management L.L.C. lifted its position in shares of BlackRock MuniYield New York Quality Fund by 154.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company’s stock valued at $321,000 after buying an additional 18,098 shares in the last quarter. Institutional investors and hedge funds own 29.32% of the company’s stock.

About BlackRock MuniYield New York Quality Fund

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.