BlackRock MuniHoldings New York Quality Fund (NYSE:MHN) Stock Crosses Below 200-Day Moving Average – Should You Sell?

BlackRock MuniHoldings New York Quality Fund, Inc. (NYSE:MHN)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.22 and traded as low as $9.70. BlackRock MuniHoldings New York Quality Fund shares last traded at $9.75, with a volume of 39,025 shares.

BlackRock MuniHoldings New York Quality Fund Price Performance

The company has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $10.22.

BlackRock MuniHoldings New York Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.0515 dividend. This represents a $0.62 annualized dividend and a yield of 6.34%. The ex-dividend date of this dividend is Friday, June 13th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Generation Capital Management LLC purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund in the fourth quarter valued at $119,000. Envestnet Asset Management Inc. increased its position in shares of BlackRock MuniHoldings New York Quality Fund by 32.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,679 shares of the financial services provider’s stock valued at $162,000 after buying an additional 3,810 shares in the last quarter. Broyhill Asset Management purchased a new position in shares of BlackRock MuniHoldings New York Quality Fund in the fourth quarter valued at $253,000. LPL Financial LLC increased its position in shares of BlackRock MuniHoldings New York Quality Fund by 20.7% in the fourth quarter. LPL Financial LLC now owns 25,115 shares of the financial services provider’s stock valued at $260,000 after buying an additional 4,301 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of BlackRock MuniHoldings New York Quality Fund by 24.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 74,463 shares of the financial services provider’s stock valued at $770,000 after buying an additional 14,463 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.