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

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.96 and traded as low as $9.96. BlackRock MuniYield New York Quality Fund shares last traded at $9.9660, with a volume of 71,948 shares trading hands.

BlackRock MuniYield New York Quality Fund Stock Performance

The stock has a 50-day simple moving average of $9.87 and a two-hundred day simple moving average of $9.96.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0512 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Large investors have recently added to or reduced their stakes in the company. United Financial Planning Group LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the third quarter valued at about $35,000. Elyxium Wealth LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter worth about $42,000. Western Wealth Management LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 1st quarter valued at about $89,000. Fort Point Capital Partners LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at about $101,000. Finally, Meeder Advisory Services Inc. purchased a new stake in BlackRock MuniYield New York Quality Fund during the 1st quarter valued at about $122,000. Hedge funds and other institutional investors own 29.32% of the company’s stock.

BlackRock MuniYield New York Quality Fund Company Profile

BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.

The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.