Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.47 and traded as low as $10.03. BlackRock MuniYield New York Quality Fund shares last traded at $10.05, with a volume of 76,979 shares.
BlackRock MuniYield New York Quality Fund Trading Down 1.3 %
The firm's 50-day moving average price is $10.32 and its two-hundred day moving average price is $10.47.
BlackRock MuniYield New York Quality Fund Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.0512 dividend. This represents a $0.61 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from BlackRock MuniYield New York Quality Fund's previous monthly dividend of $0.04.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the 3rd quarter valued at $167,000. Landscape Capital Management L.L.C. increased its stake in BlackRock MuniYield New York Quality Fund by 154.6% in the third quarter. Landscape Capital Management L.L.C. now owns 29,808 shares of the investment management company's stock valued at $321,000 after purchasing an additional 18,098 shares during the period. Wolverine Asset Management LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the third quarter valued at $335,000. Joel Isaacson & Co. LLC raised its holdings in shares of BlackRock MuniYield New York Quality Fund by 27.9% in the third quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company's stock valued at $241,000 after buying an additional 4,877 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 3.1% during the second quarter. Commonwealth Equity Services LLC now owns 103,876 shares of the investment management company's stock worth $1,088,000 after buying an additional 3,140 shares during the period. Institutional investors and hedge funds own 29.32% of the company's stock.
BlackRock MuniYield New York Quality Fund Company Profile
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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.
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