BlackRock MuniYield New York Quality Fund, Inc. (NYSE:MYN – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $9.41 and last traded at $9.4120, with a volume of 40223 shares. The stock had previously closed at $9.47.
BlackRock MuniYield New York Quality Fund Stock Down 0.7%
The stock has a 50 day moving average price of $9.82 and a two-hundred day moving average price of $9.90.
Hedge Funds Weigh In On BlackRock MuniYield New York Quality Fund
Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in shares of BlackRock MuniYield New York Quality Fund by 11.8% in the fourth quarter. NewEdge Advisors LLC now owns 14,200 shares of the investment management company’s stock valued at $141,000 after purchasing an additional 1,500 shares in the last quarter. Equitable Holdings Inc. boosted its position in BlackRock MuniYield New York Quality Fund by 14.6% in the 3rd quarter. Equitable Holdings Inc. now owns 15,701 shares of the investment management company’s stock valued at $156,000 after buying an additional 2,000 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in BlackRock MuniYield New York Quality Fund by 5.6% in the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 56,785 shares of the investment management company’s stock valued at $545,000 after buying an additional 3,000 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of BlackRock MuniYield New York Quality Fund in the 4th quarter valued at $42,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of BlackRock MuniYield New York Quality Fund by 41.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,851 shares of the investment management company’s stock valued at $152,000 after buying an additional 4,661 shares during the period. 29.32% of the stock is currently owned by institutional investors and hedge funds.
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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