BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.47 and traded as low as $10.28. BlackRock MuniYield New York Quality Fund shares last traded at $10.30, with a volume of 106,229 shares.
BlackRock MuniYield New York Quality Fund Trading Up 0.1 %
The company has a 50-day moving average of $10.59 and a two-hundred day moving average of $10.47.
BlackRock MuniYield New York Quality Fund Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.0512 per share. The ex-dividend date is Friday, November 15th. This is an increase from BlackRock MuniYield New York Quality Fund's previous monthly dividend of $0.04. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.96%.
Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund
Several large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of BlackRock MuniYield New York Quality Fund by 1.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 100,736 shares of the investment management company's stock valued at $1,060,000 after buying an additional 1,101 shares in the last quarter. Robinson Capital Management LLC boosted its stake in shares of BlackRock MuniYield New York Quality Fund by 13.2% in the first quarter. Robinson Capital Management LLC now owns 294,463 shares of the investment management company's stock worth $2,959,000 after acquiring an additional 34,422 shares during the period. Tidal Investments LLC grew its position in shares of BlackRock MuniYield New York Quality Fund by 6.1% during the first quarter. Tidal Investments LLC now owns 30,897 shares of the investment management company's stock worth $325,000 after purchasing an additional 1,777 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of BlackRock MuniYield New York Quality Fund by 0.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 681,556 shares of the investment management company's stock worth $7,136,000 after purchasing an additional 4,020 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC bought a new stake in BlackRock MuniYield New York Quality Fund during the 2nd quarter valued at approximately $121,000. Hedge funds and other institutional investors 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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