BlackRock MuniYield New York Quality Fund (NYSE:MYN) Stock Passes Below 200-Day Moving Average – Time to Sell?

BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.43 and traded as low as $10.20. BlackRock MuniYield New York Quality Fund shares last traded at $10.23, with a volume of 33,824 shares.

BlackRock MuniYield New York Quality Fund Stock Down 0.2 %

The company’s fifty day simple moving average is $10.23 and its 200 day simple moving average is $10.43.

BlackRock MuniYield New York Quality Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.0512 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. This represents a $0.61 annualized dividend and a yield of 6.01%.

Institutional Trading of BlackRock MuniYield New York Quality Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC lifted its holdings in BlackRock MuniYield New York Quality Fund by 26.1% in the fourth quarter. LPL Financial LLC now owns 53,448 shares of the investment management company’s stock worth $539,000 after buying an additional 11,071 shares during the period. Raymond James Financial Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at approximately $577,000. Atria Wealth Solutions Inc. bought a new position in shares of BlackRock MuniYield New York Quality Fund during the fourth quarter valued at approximately $128,000. Allspring Global Investments Holdings LLC increased its stake in shares of BlackRock MuniYield New York Quality Fund by 43.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 462,824 shares of the investment management company’s stock valued at $4,665,000 after purchasing an additional 140,674 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC increased its stake in shares of BlackRock MuniYield New York Quality Fund by 81.0% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 20,963 shares of the investment management company’s stock valued at $211,000 after purchasing an additional 9,380 shares in the last quarter. 29.32% of the stock is currently owned by hedge funds and other institutional investors.

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.