BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.0512 per share by the investment management company on Tuesday, July 1st. This represents a $0.61 annualized dividend and a yield of 6.52%. The ex-dividend date of this dividend is Friday, June 13th.
BlackRock MuniYield New York Quality Fund Stock Performance
NYSE MYN traded down $0.09 during midday trading on Thursday, hitting $9.43. The company had a trading volume of 90,852 shares, compared to its average volume of 95,207. The firm has a fifty day simple moving average of $9.63 and a two-hundred day simple moving average of $10.01. BlackRock MuniYield New York Quality Fund has a fifty-two week low of $9.21 and a fifty-two week high of $10.87.
Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund
A hedge fund recently raised its stake in BlackRock MuniYield New York Quality Fund stock. Royal Bank of Canada lifted its holdings in shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Free Report) by 268.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 274,458 shares of the investment management company's stock after acquiring an additional 200,000 shares during the period. Royal Bank of Canada owned approximately 0.72% of BlackRock MuniYield New York Quality Fund worth $2,725,000 as of its most recent filing with the SEC. 29.32% of the stock is currently owned by institutional investors and hedge funds.
About BlackRock MuniYield New York Quality Fund
(
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BlackRock MuniYield 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 a portfolio of long-term investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.
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