BlackRock MuniYield New York Quality Fund (NYSE:MYN) Stock Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Price action: MYN crossed its 200-day moving average ($9.98) during Wednesday trading, hitting as low as $9.98 and last trading at $10.0350 on a volume of 98,580 shares.
• Dividend: The fund declared a monthly dividend of $0.0512 payable July 1 (ex‑dividend/record date June 15), implying an annualized yield of about 6.1%.
• Insider buying: Director Robert W. Fairbairn bought 49,025 shares on Feb. 27 at an average price of $10.15; insiders own roughly 1.0% of the stock.

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.98 and traded as low as $9.98. BlackRock MuniYield New York Quality Fund shares last traded at $10.0350, with a volume of 98,580 shares changing hands.

BlackRock MuniYield New York Quality Fund Stock Up 0.6%

The company's fifty day simple moving average is $9.90 and its 200-day simple moving average is $9.98.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.0512 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, June 15th.

Insider Transactions at BlackRock MuniYield New York Quality Fund

In other BlackRock MuniYield New York Quality Fund news, Director Robert W. Fairbairn purchased 49,025 shares of the stock in a transaction on Friday, February 27th. The shares were purchased at an average price of $10.15 per share, with a total value of $497,603.75. Following the acquisition, the director directly owned 49,025 shares of the company's stock, valued at $497,603.75. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 11.8% in the 4th quarter. NewEdge Advisors LLC now owns 14,200 shares of the investment management company's stock worth $141,000 after purchasing an additional 1,500 shares during the last quarter. Equitable Holdings Inc. grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 14.6% in the 3rd quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company's stock worth $156,000 after purchasing an additional 2,000 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 5.6% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 56,785 shares of the investment management company's stock worth $545,000 after purchasing an additional 3,000 shares during the last quarter. United Financial Planning Group LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter worth about $35,000. Finally, Elyxium Wealth LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $42,000. Institutional investors own 29.32% of the company's stock.

BlackRock MuniYield New York Quality Fund Company Profile

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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