BlackRock MuniYield New York Quality Fund (NYSE:MYN) Sees Large Volume Increase – Here’s What Happened

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) shares saw unusually-strong trading volume on Tuesday. 268,826 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 190,433 shares. The stock last traded at $9.0630 and had previously closed at $8.96.

BlackRock MuniYield New York Quality Fund Stock Performance

The company has a 50 day moving average price of $9.25 and a two-hundred day moving average price of $9.70.

BlackRock MuniYield New York Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.0512 dividend. This represents a $0.61 annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, December 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC acquired a new stake in BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at about $26,000. Robinson Capital Management LLC grew its position in shares of BlackRock MuniYield New York Quality Fund by 5.0% during the second quarter. Robinson Capital Management LLC now owns 1,001,774 shares of the investment management company’s stock worth $10,168,000 after acquiring an additional 48,124 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of BlackRock MuniYield New York Quality Fund by 26.2% in the 2nd quarter. Baird Financial Group Inc. now owns 76,029 shares of the investment management company’s stock valued at $772,000 after purchasing an additional 15,804 shares during the last quarter. Readystate Asset Management LP acquired a new position in BlackRock MuniYield New York Quality Fund during the 2nd quarter worth approximately $188,000. Finally, WNY Asset Management LLC acquired a new position in BlackRock MuniYield New York Quality Fund during the first quarter worth about $1,249,000. 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-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.