BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.41 and last traded at $9.4120, with a volume of 40223 shares trading hands. The stock had previously closed at $9.47.
BlackRock MuniYield New York Quality Fund Price Performance
The stock’s 50-day moving average price is $9.85 and its two-hundred day moving average price is $9.91.
Institutional Investors Weigh In On BlackRock MuniYield New York Quality Fund
A number of hedge funds have recently modified their holdings of the business. Readystate Asset Management LP bought a new position in BlackRock MuniYield New York Quality Fund in the 2nd quarter worth $188,000. WNY Asset Management LLC bought a new stake in shares of BlackRock MuniYield New York Quality Fund during the first quarter valued at approximately $1,249,000. Western Wealth Management LLC purchased a new position in shares of BlackRock MuniYield New York Quality Fund in the first quarter worth $89,000. Bank of America Corp DE increased its holdings in BlackRock MuniYield New York Quality Fund by 132.7% in the 1st quarter. Bank of America Corp DE now owns 1,645,711 shares of the investment management company’s stock valued at $15,799,000 after acquiring an additional 938,369 shares during the last quarter. Finally, Rivernorth Capital Management LLC increased its holdings in BlackRock MuniYield New York Quality Fund by 411.5% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,722,732 shares of the investment management company’s stock valued at $16,538,000 after acquiring an additional 1,385,904 shares during the last quarter. Institutional investors own 29.32% of the company’s stock.
BlackRock MuniYield New York Quality Fund Company Profile
BlackRock MuniYield New York Quality Fund (NYSE: MYN) is a diversified, closed-end management investment company that seeks to deliver current income exempt from federal and New York State income taxes. The fund primarily invests in a portfolio of municipal securities, with an emphasis on investment-grade obligations issued by entities located within New York State.
The fund’s investment strategy focuses on long-term, tax-exempt income by allocating assets to general obligation bonds, revenue bonds, and other municipal debt instruments rated in the upper tiers of the major credit rating agencies.
Further Reading
- Five stocks we like better than BlackRock MuniYield New York Quality Fund
- 3 AI Optical Networking Stocks Positioned for the Data Center Buildout
- 5 Defensive Stocks to Watch as CPI and the Fed Put the Rally to the Test
- Short Sellers Are Betting Against 3 AI Infrastructure Stocks—What Could Turn the Tide?
- Meta Platforms Is Set to Steal Google’s Advertsing Crown—What It Means for Investors
Receive News & Ratings for BlackRock MuniYield New York Quality Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock MuniYield New York Quality Fund and related companies with MarketBeat.com's FREE daily email newsletter.
