BlackRock MuniYield New York Quality Fund (NYSE:MYN) Sees Strong Trading Volume After Dividend Announcement

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) saw strong trading volume on Friday after the company announced a dividend. Approximately 177,921 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 149,898 shares.The stock last traded at $9.2470 and had previously closed at $9.18.

The newly announced dividend which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.0512 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

BlackRock MuniYield New York Quality Fund Trading Up 0.8%

The business’s fifty day moving average price is $9.80 and its two-hundred day moving average price is $9.89.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Several large investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter worth about $42,000. Western Wealth Management LLC purchased a new stake in BlackRock MuniYield New York Quality Fund in the first quarter valued at approximately $89,000. Meeder Advisory Services Inc. acquired a new position in BlackRock MuniYield New York Quality Fund in the 1st quarter worth approximately $122,000. Readystate Asset Management LP purchased a new position in BlackRock MuniYield New York Quality Fund during the 4th quarter worth approximately $122,000. Finally, HRT Financial LP purchased a new position in BlackRock MuniYield New York Quality Fund during the 4th quarter worth approximately $136,000. Hedge funds and other institutional investors own 29.32% of the company’s stock.

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.