BlackRock MuniYield New York Quality Fund (NYSE:MYN) Sees Unusually-High Trading Volume – Here’s What Happened

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) shares saw unusually-high trading volume on Tuesday. Approximately 729,034 shares changed hands during mid-day trading, an increase of 318% from the previous session’s volume of 174,346 shares. The stock last traded at $8.9250 and had previously closed at $8.75.

BlackRock MuniYield New York Quality Fund Stock Down 1.1%

The stock has a 50 day moving average of $9.41 and a 200 day moving average of $9.75.

BlackRock MuniYield New York Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a dividend of $0.0512 per share. The ex-dividend date is Friday, December 11th. This represents a $0.61 annualized dividend and a yield of 7.1%.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Several large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the first quarter valued at about $89,000. Meeder Advisory Services Inc. bought a new stake in BlackRock MuniYield New York Quality Fund in the first quarter worth about $122,000. Janney Montgomery Scott LLC lifted its holdings in BlackRock MuniYield New York Quality Fund by 41.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,851 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 4,661 shares during the last quarter. Readystate Asset Management LP bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 2nd quarter valued at about $188,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of BlackRock MuniYield New York Quality Fund by 100.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 20,000 shares of the investment management company’s stock worth $198,000 after purchasing an additional 10,000 shares during the last quarter. 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, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MYN. The fund seeks to provide current income exempt from federal income tax and New York State and New York City personal income taxes by investing primarily in municipal obligations.

The fund invests in bonds and other fixed-income securities issued by or on behalf of New York State, New York City, and related municipalities, public authorities, and governmental entities.