BlackRock MuniYield New York Quality Fund (NYSE:MYN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.96 and traded as high as $10.19. BlackRock MuniYield New York Quality Fund shares last traded at $10.16, with a volume of 159,797 shares trading hands.

BlackRock MuniYield New York Quality Fund Stock Performance

The stock’s 50 day moving average price is $9.97 and its two-hundred day moving average price is $9.96.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.0512 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 11.8% during the 4th quarter. NewEdge Advisors LLC now owns 14,200 shares of the investment management company’s stock worth $141,000 after buying an additional 1,500 shares during the last quarter. Equitable Holdings Inc. grew its holdings in shares of BlackRock MuniYield New York Quality Fund by 14.6% in the 3rd quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock valued at $156,000 after acquiring an additional 2,000 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its position in shares of BlackRock MuniYield New York Quality Fund by 5.6% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 56,785 shares of the investment management company’s stock valued at $545,000 after acquiring an additional 3,000 shares during the last quarter. United Financial Planning Group LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the third quarter worth about $35,000. Finally, Elyxium Wealth LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the fourth quarter worth about $42,000. 29.32% of the stock is currently owned by hedge funds and other institutional investors.

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.