Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.01 and traded as low as $9.51. BlackRock MuniYield New York Quality Fund shares last traded at $9.53, with a volume of 32,069 shares trading hands.
BlackRock MuniYield New York Quality Fund Price Performance
The business's 50 day simple moving average is $9.61 and its 200 day simple moving average is $9.99.
BlackRock MuniYield New York Quality Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.0512 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend is Friday, June 13th.
Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mackay Shields LLC grew its position in 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 acquiring an additional 208,831 shares during the last quarter. Guggenheim Capital LLC raised its holdings in BlackRock MuniYield New York Quality Fund by 8.1% in the fourth quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company's stock worth $8,324,000 after purchasing an additional 61,533 shares in the last quarter. Bank of America Corp DE lifted its position in BlackRock MuniYield New York Quality Fund by 16.1% during the fourth quarter. Bank of America Corp DE now owns 562,629 shares of the investment management company's stock valued at $5,671,000 after acquiring an additional 77,915 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in BlackRock MuniYield New York Quality Fund by 43.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 462,824 shares of the investment management company's stock valued at $4,665,000 after acquiring an additional 140,674 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in BlackRock MuniYield New York Quality Fund by 268.6% in the first quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company's stock worth $2,725,000 after purchasing an additional 200,000 shares during the last quarter. Hedge funds and other institutional investors own 29.32% of the company's stock.
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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