BlackRock MuniYield New York Quality Fund (NYSE:MYN) Shares Pass Above 200-Day Moving Average of $10.43

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.43 and traded as high as $10.79. BlackRock MuniYield New York Quality Fund shares last traded at $10.74, with a volume of 45,218 shares changing hands.

BlackRock MuniYield New York Quality Fund Stock Performance

The business has a 50-day simple moving average of $10.56 and a two-hundred day simple moving average of $10.44.

BlackRock MuniYield New York Quality Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0512 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This is an increase from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 annualized dividend and a dividend yield of 5.70%.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

Several institutional investors have recently bought and sold shares of MYN. Commonwealth Equity Services LLC raised its stake in shares of BlackRock MuniYield New York Quality Fund by 1.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 100,736 shares of the investment management company’s stock worth $1,060,000 after buying an additional 1,101 shares in the last quarter. Tidal Investments LLC lifted its holdings in BlackRock MuniYield New York Quality Fund by 6.1% in the first quarter. Tidal Investments LLC now owns 30,897 shares of the investment management company’s stock valued at $325,000 after acquiring an additional 1,777 shares during the period. TIAA Trust National Association lifted its holdings in BlackRock MuniYield New York Quality Fund by 20.7% in the second quarter. TIAA Trust National Association now owns 12,821 shares of the investment management company’s stock valued at $134,000 after acquiring an additional 2,200 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of BlackRock MuniYield New York Quality Fund by 0.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 681,556 shares of the investment management company’s stock worth $7,136,000 after purchasing an additional 4,020 shares in the last quarter. Finally, Breakwater Capital Group grew its stake in shares of BlackRock MuniYield New York Quality Fund by 68.2% during the 1st quarter. Breakwater Capital Group now owns 25,693 shares of the investment management company’s stock worth $270,000 after purchasing an additional 10,417 shares during the period. 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.