BlackRock MuniYield New York Quality Fund (NYSE:MYN) Stock Passes Below 200-Day Moving Average – Time to Sell?

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.43 and traded as low as $10.20. BlackRock MuniYield New York Quality Fund shares last traded at $10.23, with a volume of 33,824 shares traded.

BlackRock MuniYield New York Quality Fund Price Performance

The firm’s 50 day simple moving average is $10.23 and its two-hundred day simple moving average is $10.43.

BlackRock MuniYield New York Quality Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.0512 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 annualized dividend and a yield of 6.01%.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

A number of large investors have recently bought and sold shares of MYN. PFG Investments LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $112,000. Tallon Kerry Patrick purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $122,000. Atria Wealth Solutions Inc. purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $128,000. Walleye Capital LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund during the third quarter worth about $167,000. Finally, Joseph P. Lucia & Associates LLC boosted its holdings in shares of BlackRock MuniYield New York Quality Fund by 81.0% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company’s stock worth $211,000 after purchasing an additional 9,380 shares during the period. 29.32% of the stock is owned by hedge funds and other institutional investors.

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.