BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Get Free Report) saw unusually-strong trading volume on Monday. 450,113 shares traded hands during mid-day trading, an increase of 121% from the previous session’s volume of 203,415 shares. The stock last traded at $8.9450 and had previously closed at $8.94.
BlackRock MuniYield New York Quality Fund Stock Performance
The stock’s 50 day simple moving average is $9.18 and its 200-day simple moving average is $9.68.
BlackRock MuniYield New York Quality Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.0512 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.61 annualized dividend and a dividend yield of 6.8%.
Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund
Several hedge funds and other institutional investors have recently modified their holdings of MYN. CoreCap Advisors LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the third quarter valued at approximately $26,000. Western Wealth Management LLC bought a new position in shares of BlackRock MuniYield New York Quality Fund during the 1st quarter valued at about $89,000. Meeder Advisory Services Inc. bought a new position in BlackRock MuniYield New York Quality Fund in the first quarter valued at approximately $122,000. Janney Montgomery Scott LLC lifted its position in BlackRock MuniYield New York Quality Fund by 41.7% during the first quarter. Janney Montgomery Scott LLC now owns 15,851 shares of the investment management company’s stock worth $152,000 after acquiring an additional 4,661 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new position in BlackRock MuniYield New York Quality Fund during the second quarter valued at approximately $188,000. 29.32% of the stock is owned by institutional investors and hedge funds.
About BlackRock MuniYield New York Quality Fund
BlackRock MuniYield New York Quality Fund, Inc (NYSE: MYN) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income taxes and New York State and New York City personal income taxes. The fund is designed for investors seeking tax-advantaged income through a professionally managed portfolio of municipal securities.
The fund invests primarily in long-term municipal obligations issued by or on behalf of municipalities and other public authorities in New York.
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