BlackRock MuniYield New York Quality Fund (NYSE:MYN) Shares Pass Above 50-Day Moving Average – What’s Next?

Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.95 and traded as high as $10.04. BlackRock MuniYield New York Quality Fund shares last traded at $10.03, with a volume of 147,837 shares changing hands.

BlackRock MuniYield New York Quality Fund Stock Performance

The company has a 50 day simple moving average of $9.95 and a 200 day simple moving average of $9.96.

BlackRock MuniYield New York Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0512 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of MYN. United Financial Planning Group LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at $35,000. Elyxium Wealth LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at about $42,000. Western Wealth Management LLC purchased a new stake in shares of BlackRock MuniYield New York Quality Fund in the first quarter valued at about $89,000. Fort Point Capital Partners LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund during the third quarter worth about $101,000. Finally, Meeder Advisory Services Inc. acquired a new position in shares of BlackRock MuniYield New York Quality Fund during the first quarter worth about $122,000. 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.