BlackRock MuniYield New York Quality Fund (NYSE:MYN) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Technical breach: MYN traded as low as $9.58 and fell below its 200‑day moving average of $10.00, last trading at $9.65 with a 50‑day average of $9.95.
• Dividend: The fund declared a monthly dividend of $0.0512 per share payable July 1 (ex‑dividend and record date June 15), implying an annualized yield of about 6.4%.
• Insider and institutional buying: Director Robert W. Fairbairn purchased 49,025 shares at roughly $10.15 in February, and several institutions (e.g., RBC) have materially increased stakes—institutions now own about 29.3% of the fund.

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.00 and traded as low as $9.58. BlackRock MuniYield New York Quality Fund shares last traded at $9.65, with a volume of 126,084 shares.

BlackRock MuniYield New York Quality Fund Stock Up 0.4%

The firm has a fifty day moving average price of $9.95 and a two-hundred day moving average price of $10.00.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.0512 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

Insider Buying and Selling

In other BlackRock MuniYield New York Quality Fund news, Director Robert W. Fairbairn bought 49,025 shares of the business's stock in a transaction on Friday, February 27th. The shares were acquired at an average price of $10.15 per share, with a total value of $497,603.75. Following the transaction, the director owned 49,025 shares of the company's stock, valued at approximately $497,603.75. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its stake 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 during the last quarter. Steward Partners Investment Advisory LLC grew its stake 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 worth $67,000 after buying an additional 1,300 shares during the last quarter. Bank of America Corp DE grew its stake in BlackRock MuniYield New York Quality Fund by 4.3% during the 2nd quarter. Bank of America Corp DE now owns 595,864 shares of the investment management company's stock worth $5,679,000 after buying an additional 24,406 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in BlackRock MuniYield New York Quality Fund by 53.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 680,826 shares of the investment management company's stock worth $6,761,000 after buying an additional 236,616 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in BlackRock MuniYield New York Quality Fund by 18.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 373,572 shares of the investment management company's stock worth $3,710,000 after buying an additional 57,652 shares during the last quarter. Hedge funds and other institutional investors own 29.32% of the company's stock.

About BlackRock MuniYield New York Quality Fund

BlackRock MuniYield New York Quality Fund NYSE: MYN is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.

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