BlackRock MuniYield New York Quality Fund (NYSE:MYN) Shares Break Above 50 Day Moving Average – Here’s What Happened

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $9.12 and traded as high as $9.15. BlackRock MuniYield New York Quality Fund shares last traded at $9.14, with a volume of 431,291 shares traded.

BlackRock MuniYield New York Quality Fund Price Performance

The firm’s 50-day moving average price is $9.12 and its 200-day moving average price is $9.74.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a $0.0512 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.61 annualized dividend and a yield of 6.7%.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the 3rd quarter valued at $26,000. Western Wealth Management LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the first quarter worth $89,000. Meeder Advisory Services Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund in the first quarter worth $122,000. Janney Montgomery Scott LLC boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 41.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,851 shares of the investment management company’s stock worth $152,000 after acquiring an additional 4,661 shares during the period. Finally, Readystate Asset Management LP bought a new position in shares of BlackRock MuniYield New York Quality Fund in the second quarter worth $188,000. 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 (NYSE: MYN) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income taxes and New York State and New York City personal income taxes. The fund is designed for investors seeking tax-advantaged income through a professionally managed portfolio of municipal securities.

The fund invests primarily in long-term municipal obligations issued by or on behalf of municipalities and other public authorities in New York.