BlackRock MuniYield New York Quality Fund (NYSE:MYN) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.63 and traded as high as $10.03. BlackRock MuniYield New York Quality Fund shares last traded at $9.99, with a volume of 107,219 shares changing hands.

BlackRock MuniYield New York Quality Fund Trading Up 0.5%

The firm’s fifty day simple moving average is $9.97 and its 200-day simple moving average is $9.63.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.0512 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Several large investors have recently added to or reduced their stakes in the business. Mackay Shields LLC increased its holdings in BlackRock MuniYield New York Quality Fund by 2.4% in the second quarter. Mackay Shields LLC now owns 1,174,171 shares of the investment management company’s stock worth $11,190,000 after purchasing an additional 27,816 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of BlackRock MuniYield New York Quality Fund by 4.2% during the 2nd quarter. Guggenheim Capital LLC now owns 890,374 shares of the investment management company’s stock worth $8,485,000 after buying an additional 35,966 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of BlackRock MuniYield New York Quality Fund by 53.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 680,826 shares of the investment management company’s stock valued at $6,761,000 after acquiring an additional 236,616 shares in the last quarter. Bank of America Corp DE lifted its position in shares of BlackRock MuniYield New York Quality Fund by 4.3% during the 2nd quarter. Bank of America Corp DE now owns 595,864 shares of the investment management company’s stock valued at $5,679,000 after acquiring an additional 24,406 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of BlackRock MuniYield New York Quality Fund by 18.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 373,572 shares of the investment management company’s stock valued at $3,710,000 after acquiring an additional 57,652 shares during the period. Institutional investors and hedge funds own 29.32% of the company’s stock.

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.