BlackRock MuniYield New York Quality Fund (NYSE:MYN) Stock Price Crosses Above 200 Day Moving Average of $10.42

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.42 and traded as high as $10.80. BlackRock MuniYield New York Quality Fund shares last traded at $10.79, with a volume of 94,648 shares.

BlackRock MuniYield New York Quality Fund Price Performance

The firm’s 50-day moving average is $10.51 and its 200 day moving average is $10.42.

BlackRock MuniYield New York Quality Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.0512 per share. The ex-dividend date is Tuesday, October 15th. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.69%.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Large investors have recently added to or reduced their stakes in the business. Karpus Management Inc. grew its position in shares of BlackRock MuniYield New York Quality Fund by 6.0% in the fourth quarter. Karpus Management Inc. now owns 1,032,621 shares of the investment management company’s stock valued at $10,667,000 after purchasing an additional 58,786 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock MuniYield New York Quality Fund by 0.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 681,556 shares of the investment management company’s stock valued at $7,136,000 after acquiring an additional 4,020 shares during the last quarter. Robinson Capital Management LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 13.2% during the first quarter. Robinson Capital Management LLC now owns 294,463 shares of the investment management company’s stock worth $2,959,000 after purchasing an additional 34,422 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of BlackRock MuniYield New York Quality Fund by 3.1% in the second quarter. Commonwealth Equity Services LLC now owns 103,876 shares of the investment management company’s stock worth $1,088,000 after buying an additional 3,140 shares during the period. Finally, Tortoise Investment Management LLC grew its stake in shares of BlackRock MuniYield New York Quality Fund by 74.3% in the fourth quarter. Tortoise Investment Management LLC now owns 97,373 shares of the investment management company’s stock valued at $1,006,000 after buying an additional 41,501 shares in the last quarter. 29.32% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield New York Quality Fund Company Profile

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.