BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Share Price Passes Above 200-Day Moving Average of $12.03

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPAGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.03 and traded as high as $12.74. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.55, with a volume of 7,846 shares.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 0.2 %

The business has a 50 day moving average price of $12.27 and a two-hundred day moving average price of $12.03.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a $0.066 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.79 annualized dividend and a yield of 6.31%.

Insider Activity at BlackRock MuniYield Pennsylvania Quality Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 5,333 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were acquired at an average price of $12.14 per share, for a total transaction of $64,742.62. Following the completion of the purchase, the insider now owns 2,218,894 shares in the company, valued at $26,937,373.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have bought 36,588 shares of company stock worth $438,617. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several institutional investors have recently bought and sold shares of MPA. Raymond James & Associates raised its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 8.6% during the 4th quarter. Raymond James & Associates now owns 35,407 shares of the investment management company’s stock valued at $412,000 after acquiring an additional 2,805 shares during the period. Blue Bell Private Wealth Management LLC bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at $64,000. Wolverine Asset Management LLC raised its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 1,037.2% during the 4th quarter. Wolverine Asset Management LLC now owns 13,556 shares of the investment management company’s stock valued at $158,000 after acquiring an additional 12,364 shares during the period. Whitebox Advisors LLC bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at $210,000. Finally, Ethos Financial Group LLC bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at $349,000. Hedge funds and other institutional investors own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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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.

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