BlackRock MuniHoldings New York Quality Fund (NYSE:MHN) Shares Cross Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• BlackRock MuniHoldings New York Quality Fund's stock price has dropped below its 200-day moving average of $10.01, currently trading at $9.67.
• The fund has declared a monthly dividend of $0.0515, payable on September 2nd, representing a dividend yield of 6.4%.
• There has been significant institutional interest, with firms like Bank of America and PNC Financial Services increasing their stakes in the fund.

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN - )'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.01 and traded as low as $9.61. BlackRock MuniHoldings New York Quality Fund shares last traded at $9.67, with a volume of 104,046 shares traded.

BlackRock MuniHoldings New York Quality Fund Price Performance

The stock has a 50 day moving average price of $9.69 and a 200-day moving average price of $10.01.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.0515 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

Institutional Trading of BlackRock MuniHoldings New York Quality Fund

A number of institutional investors have recently made changes to their positions in the company. Bridgewater Advisors Inc. acquired a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the second quarter worth approximately $299,000. Royal Bank of Canada boosted its stake in BlackRock MuniHoldings New York Quality Fund by 7.2% during the first quarter. Royal Bank of Canada now owns 247,041 shares of the financial services provider's stock worth $2,508,000 after buying an additional 16,600 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in BlackRock MuniHoldings New York Quality Fund by 32.6% during the first quarter. PNC Financial Services Group Inc. now owns 98,763 shares of the financial services provider's stock worth $1,002,000 after buying an additional 24,300 shares during the last quarter. Bank of America Corp DE boosted its stake in BlackRock MuniHoldings New York Quality Fund by 49.9% during the fourth quarter. Bank of America Corp DE now owns 442,732 shares of the financial services provider's stock worth $4,578,000 after buying an additional 147,361 shares during the last quarter. Finally, Generation Capital Management LLC acquired a new position in BlackRock MuniHoldings New York Quality Fund during the fourth quarter worth $119,000. 28.22% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings New York Quality Fund Company Profile

BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.

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