BlackRock MuniYield New York Quality Fund (NYSE:MYN) Shares Cross Below 200 Day Moving Average – Here’s Why

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.70 and traded as low as $9.41. BlackRock MuniYield New York Quality Fund shares last traded at $9.44, with a volume of 65,969 shares traded.

BlackRock MuniYield New York Quality Fund Stock Performance

The stock’s 50 day moving average is $9.39 and its two-hundred day moving average is $9.70.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.0512 per share. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Several hedge funds have recently made changes to their positions in the company. Mackay Shields LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 2.4% in the 2nd quarter. Mackay Shields LLC now owns 1,174,171 shares of the investment management company’s stock worth $11,190,000 after acquiring an additional 27,816 shares during the period. Guggenheim Capital LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 8.1% in the 4th quarter. Guggenheim Capital LLC now owns 825,819 shares of the investment management company’s stock worth $8,324,000 after acquiring an additional 61,533 shares during the period. Bank of America Corp DE lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 16.1% in the 4th quarter. Bank of America Corp DE now owns 562,629 shares of the investment management company’s stock worth $5,671,000 after acquiring an additional 77,915 shares during the period. Royal Bank of Canada lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 268.6% in the 1st quarter. Royal Bank of Canada now owns 274,458 shares of the investment management company’s stock worth $2,725,000 after acquiring an additional 200,000 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the 1st quarter worth $780,000. Institutional investors and hedge funds own 29.32% of the company’s stock.

About BlackRock MuniYield New York Quality Fund

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.