BlackRock MuniYield New York Quality Fund (NYSE:MYN) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• BlackRock MuniYield New York Quality Fund shares have moved above their 200-day moving average, reaching a high of $9.71 and closing at $9.65 on the trading day.
• The fund has declared a monthly dividend of $0.0512, with a record date of September 15, representing an annualized yield of 6.4%.
• Institutional investors have increased their stakes in the fund, which now has 29.32% of its shares owned by large institutional holders.

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - ) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.58 and traded as high as $9.71. BlackRock MuniYield New York Quality Fund shares last traded at $9.65, with a volume of 71,539 shares trading hands.

BlackRock MuniYield New York Quality Fund Stock Performance

The business has a fifty day moving average of $9.35 and a 200 day moving average of $9.58.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.0512 dividend. The ex-dividend date is Monday, September 15th. This represents a c) annualized dividend and a yield of 6.4%.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

A number of large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the second quarter valued at about $27,000. Steward Partners Investment Advisory LLC boosted its position in BlackRock MuniYield New York Quality Fund by 22.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,000 shares of the investment management company's stock valued at $67,000 after acquiring an additional 1,300 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the 1st quarter worth approximately $106,000. Citadel Advisors LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund during the 4th quarter worth approximately $106,000. Finally, Quantum Financial Planning Services Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund in the 1st quarter worth approximately $120,000. Institutional investors own 29.32% of the company's stock.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund, Inc 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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