Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.70 and traded as low as $9.41. BlackRock MuniYield New York Quality Fund shares last traded at $9.44, with a volume of 65,969 shares.
BlackRock MuniYield New York Quality Fund Price Performance
The business has a fifty day moving average of $9.39 and a 200-day moving average of $9.69.
BlackRock MuniYield New York Quality Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a dividend of $0.0512 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, August 15th.
Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund
Several hedge funds and other institutional investors have recently made changes to their positions in MYN. Mackay Shields LLC grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 22.3% in the 1st quarter. Mackay Shields LLC now owns 1,146,355 shares of the investment management company's stock valued at $11,383,000 after buying an additional 208,831 shares during the period. Royal Bank of Canada lifted its position in BlackRock MuniYield New York Quality Fund by 268.6% during the 1st quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company's stock worth $2,725,000 after buying an additional 200,000 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of BlackRock MuniYield New York Quality Fund during the 1st quarter worth about $780,000. Bank of America Corp DE increased its stake in shares of BlackRock MuniYield New York Quality Fund by 16.1% during the 4th quarter. Bank of America Corp DE now owns 562,629 shares of the investment management company's stock worth $5,671,000 after purchasing an additional 77,915 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter valued at about $577,000. 29.32% of the stock is owned by institutional investors and hedge funds.
BlackRock MuniYield New York Quality Fund Company Profile
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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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