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BlackRock MuniYield New York Quality Fund (NYSE:MYN) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

BlackRock MuniYield New York Quality Fund logo with Finance background

Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

BlackRock MuniYield New York Quality Fund Stock Performance

The firm has a 50 day moving average of $10.19 and a two-hundred day moving average of $10.42.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.0512 dividend. This is an increase from BlackRock MuniYield New York Quality Fund's previous monthly dividend of $0.04. This represents a $0.61 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Friday, February 14th.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Several large investors have recently modified their holdings of MYN. PFG Investments LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at approximately $112,000. Tallon Kerry Patrick acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at approximately $122,000. Atria Wealth Solutions Inc. acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at approximately $128,000. Two Sigma Securities LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the fourth quarter valued at approximately $161,000. Finally, Walleye Capital LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the third quarter valued at approximately $167,000. 29.32% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniYield New York Quality Fund

(Get Free Report)

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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