BlackRock MuniHoldings New York Quality Fund (NYSE:MHN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.95 and traded as high as $10.36. BlackRock MuniHoldings New York Quality Fund shares last traded at $10.30, with a volume of 16,109 shares changing hands.

BlackRock MuniHoldings New York Quality Fund Trading Down 0.1%

The stock’s fifty day moving average price is $10.34 and its 200 day moving average price is $9.95.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.0515 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Friday, November 14th.

Institutional Trading of BlackRock MuniHoldings New York Quality Fund

Several hedge funds and other institutional investors have recently made changes to their positions in MHN. Guggenheim Capital LLC increased its position in BlackRock MuniHoldings New York Quality Fund by 5.4% during the 2nd quarter. Guggenheim Capital LLC now owns 654,119 shares of the financial services provider’s stock valued at $6,423,000 after buying an additional 33,328 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of BlackRock MuniHoldings New York Quality Fund in the third quarter worth $5,061,000. Bank of America Corp DE grew its position in BlackRock MuniHoldings New York Quality Fund by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 482,889 shares of the financial services provider’s stock valued at $4,742,000 after purchasing an additional 21,038 shares during the last quarter. Royal Bank of Canada grew its position in BlackRock MuniHoldings New York Quality Fund by 7.2% during the 1st quarter. Royal Bank of Canada now owns 247,041 shares of the financial services provider’s stock valued at $2,508,000 after purchasing an additional 16,600 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in BlackRock MuniHoldings New York Quality Fund by 5.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 240,014 shares of the financial services provider’s stock valued at $2,453,000 after purchasing an additional 12,209 shares in the last quarter. Hedge funds and other institutional investors own 28.22% of the company’s stock.

BlackRock MuniHoldings New York Quality Fund Company Profile

BlackRock MuniHoldings 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 investment grade New York municipal obligations exempt from federal income taxes and New York State and New York City personal income taxes.