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

Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) 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 changing hands.

BlackRock MuniYield New York Quality Fund Trading Up 0.6%

The business’s 50-day simple moving average is $9.12 and its two-hundred day simple moving average is $9.74.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a dividend of $0.0512 per share. 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

Several hedge funds and other institutional investors have recently modified their holdings of MYN. CoreCap Advisors LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the third quarter valued at $26,000. Western Wealth Management LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 1st quarter worth $89,000. Meeder Advisory Services Inc. purchased a new stake in BlackRock MuniYield New York Quality Fund in the 1st quarter worth about $122,000. Janney Montgomery Scott LLC increased its holdings in BlackRock MuniYield New York Quality Fund by 41.7% in the 1st 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 last quarter. Finally, Readystate Asset Management LP purchased a new stake in BlackRock MuniYield New York Quality Fund in the 2nd quarter worth about $188,000. Institutional investors own 29.32% of the company’s stock.

About BlackRock MuniYield New York Quality Fund

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.