BlackRock MuniYield New York Quality Fund (NYSE:MYN) Stock Passes Below 200 Day Moving Average – Here’s What Happened

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

BlackRock MuniYield New York Quality Fund Stock Performance

The company has a 50-day moving average of $9.89 and a 200-day moving average of $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. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.1%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. 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 acquired a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter valued at $42,000. Western Wealth Management LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the 1st quarter valued at $89,000. Fort Point Capital Partners LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at $101,000. Finally, Meeder Advisory Services Inc. acquired a new position in BlackRock MuniYield New York Quality Fund in the 1st quarter valued at $122,000. 29.32% of the stock is currently owned by institutional investors and hedge funds.

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.