BlackRock MuniYield New York Quality Fund (NYSE:MYN) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN) 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 traded.

BlackRock MuniYield New York Quality Fund Stock Performance

The stock’s 50-day moving average price is $10.32 and its 200 day moving average price is $10.47.

BlackRock MuniYield New York Quality Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.0512 dividend. This represents a $0.61 annualized dividend and a dividend yield of 6.11%. This is a boost from BlackRock MuniYield New York Quality Fund’s previous monthly dividend of $0.04. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund

Several large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its position in shares of BlackRock MuniYield New York Quality Fund by 3.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 103,876 shares of the investment management company’s stock worth $1,088,000 after purchasing an additional 3,140 shares in the last quarter. Joel Isaacson & Co. LLC raised its position in shares of BlackRock MuniYield New York Quality Fund by 27.9% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 22,360 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 4,877 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in BlackRock MuniYield New York Quality Fund during the 3rd quarter worth approximately $335,000. Landscape Capital Management L.L.C. increased its stake in BlackRock MuniYield New York Quality Fund by 154.6% during the 3rd 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 in the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the third quarter worth $167,000. Institutional investors own 29.32% of the company’s stock.

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.