BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Price Passes Above 200 Day Moving Average of $11.42

Shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.42 and traded as high as $12.39. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.21, with a volume of 16,496 shares traded.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 1.5 %

The company’s 50 day moving average price is $12.01 and its 200 day moving average price is $11.42.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.048 dividend. This represents a $0.58 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, April 12th.

Insider Transactions at BlackRock MuniYield Pennsylvania Quality Fund

In other news, major shareholder Saba Capital Management, L.P. bought 5,333 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction dated Wednesday, April 17th. The stock was bought at an average price of $12.14 per share, for a total transaction of $64,742.62. Following the purchase, the insider now owns 2,218,894 shares of the company’s stock, valued at $26,937,373.16. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders bought 138,151 shares of company stock worth $1,655,855. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 2nd quarter valued at about $44,000. JPMorgan Chase & Co. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at about $47,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at about $64,000. Almitas Capital LLC purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 3rd quarter valued at about $119,000. Finally, Virtu Financial LLC purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at about $127,000. Hedge funds and other institutional investors own 24.70% of the company’s stock.

About BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Pennsylvania Quality Fund 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 long-term investment grade municipal obligations exempt from federal income taxes and Pennsylvania income taxes.