BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.96 and traded as low as $9.92. BlackRock MuniYield New York Quality Fund shares last traded at $9.9660, with a volume of 90,386 shares traded.
BlackRock MuniYield New York Quality Fund Price Performance
The business’s 50-day simple moving average is $9.85 and its two-hundred day simple moving average is $9.96.
Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund
Institutional investors and hedge funds have recently bought and sold shares of the company. United Financial Planning Group LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the 3rd quarter worth about $35,000. Elyxium Wealth LLC acquired a new position in BlackRock MuniYield New York Quality Fund in the 4th quarter worth about $42,000. Western Wealth Management LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the first quarter valued at approximately $89,000. Fort Point Capital Partners LLC acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the third quarter valued at approximately $101,000. Finally, Meeder Advisory Services Inc. acquired a new position in shares of BlackRock MuniYield New York Quality Fund in the first quarter valued at approximately $122,000. Institutional investors and hedge funds own 29.32% of the company’s stock.
About BlackRock MuniYield New York Quality Fund
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.
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