BlackRock MuniYield New York Quality Fund (NYSE:MYN) Stock Crosses Above 200 Day Moving Average – What’s Next?

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.96 and traded as high as $10.19. BlackRock MuniYield New York Quality Fund shares last traded at $10.16, with a volume of 159,797 shares changing hands.

BlackRock MuniYield New York Quality Fund Price Performance

The company’s 50 day simple moving average is $9.98 and its 200-day simple moving average is $9.96.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0512 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Several institutional investors and hedge funds have recently made changes to their positions in MYN. United Financial Planning Group LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the 3rd quarter valued at about $35,000. Elyxium Wealth LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at approximately $42,000. Western Wealth Management LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the first quarter valued at approximately $89,000. Fort Point Capital Partners LLC bought a new position in BlackRock MuniYield New York Quality Fund in the third quarter worth approximately $101,000. Finally, Meeder Advisory Services Inc. bought a new position in BlackRock MuniYield New York Quality Fund in the first quarter worth approximately $122,000. 29.32% of the stock is currently owned by institutional investors.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. 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.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.