BlackRock MuniYield New York Quality Fund (NYSE:MYN) Shares Cross Below 200-Day Moving Average – What’s Next?

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.47 and traded as low as $10.03. BlackRock MuniYield New York Quality Fund shares last traded at $10.05, with a volume of 76,979 shares.

BlackRock MuniYield New York Quality Fund Stock Down 1.3 %

The firm’s fifty day simple moving average is $10.32 and its 200 day simple moving average is $10.47.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.0512 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 6.11%. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in MYN. Commonwealth Equity Services LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 3.1% during the 2nd 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 in the last quarter. Joel Isaacson & Co. LLC raised its stake in BlackRock MuniYield New York Quality Fund by 27.9% during the third quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company’s stock worth $241,000 after acquiring an additional 4,877 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in BlackRock MuniYield New York Quality Fund during the third quarter worth about $335,000. Landscape Capital Management L.L.C. lifted its holdings in shares of BlackRock MuniYield New York Quality Fund by 154.6% in the third quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company’s stock worth $321,000 after acquiring an additional 18,098 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at approximately $167,000. 29.32% of the stock is currently owned by institutional investors.

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.