BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Get Free Report) shares saw unusually-strong trading volume on Tuesday. Approximately 268,826 shares were traded during mid-day trading, an increase of 41% from the previous session’s volume of 190,433 shares. The stock last traded at $9.0630 and had previously closed at $8.96.
BlackRock MuniYield New York Quality Fund Stock Down 1.1%
The business has a fifty day moving average of $9.22 and a 200 day moving average of $9.69.
BlackRock MuniYield New York Quality Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0512 per share. The ex-dividend date is Friday, December 11th. This represents a $0.61 dividend on an annualized basis and a yield of 6.9%.
Institutional Trading of BlackRock MuniYield New York Quality Fund
A number of institutional investors and hedge funds have recently modified their holdings of MYN. CoreCap Advisors LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at approximately $26,000. Western Wealth Management LLC bought a new position in BlackRock MuniYield New York Quality Fund during the 1st quarter worth approximately $89,000. Meeder Advisory Services Inc. acquired a new position in BlackRock MuniYield New York Quality Fund during the first quarter valued at approximately $122,000. Janney Montgomery Scott LLC grew its holdings in BlackRock MuniYield New York Quality Fund by 41.7% during the first quarter. Janney Montgomery Scott LLC now owns 15,851 shares of the investment management company’s stock valued at $152,000 after purchasing an additional 4,661 shares during the period. Finally, Readystate Asset Management LP acquired a new position in BlackRock MuniYield New York Quality Fund during the second quarter valued at approximately $188,000. 29.32% of the stock is owned by institutional investors.
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.
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