BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Passes Above 200 Day Moving Average of $11.50

Shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.50 and traded as high as $12.22. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.00, with a volume of 43,742 shares traded.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The business’s 50-day simple moving average is $12.05 and its 200 day simple moving average is $11.50.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.048 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.80%.

Insiders Place Their Bets

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. bought 5,033 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $11.90 per share, for a total transaction of $59,892.70. Following the acquisition, the insider now directly owns 2,024,526 shares of the company’s stock, valued at $24,091,859.40. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have purchased 125,544 shares of company stock worth $1,508,609. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 40,341 shares of the investment management company’s stock worth $418,000 after purchasing an additional 1,342 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 18.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 13,503 shares of the investment management company’s stock worth $140,000 after purchasing an additional 2,109 shares in the last quarter. Raymond James & Associates raised its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 8.6% in the 4th quarter. Raymond James & Associates now owns 35,407 shares of the investment management company’s stock worth $412,000 after purchasing an additional 2,805 shares in the last quarter. AQR Arbitrage LLC raised its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 7.0% in the 3rd quarter. AQR Arbitrage LLC now owns 58,552 shares of the investment management company’s stock worth $607,000 after purchasing an additional 3,837 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $64,000. 24.70% of the stock is currently owned by institutional investors.

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.