BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Shares Pass Above 200-Day Moving Average – Here’s Why

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.99 and traded as high as $11.30. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.2350, with a volume of 24,754 shares traded.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 0.0%

The company has a fifty day simple moving average of $11.37 and a 200-day simple moving average of $10.99.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.066 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, November 14th.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Hedge funds have recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at approximately $117,000. Shufro Rose & Co. LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the first quarter worth approximately $168,000. Aviance Capital Partners LLC increased its stake in BlackRock MuniYield Pennsylvania Quality Fund by 13.8% during the second quarter. Aviance Capital Partners LLC now owns 17,959 shares of the investment management company’s stock worth $194,000 after acquiring an additional 2,178 shares during the last quarter. Raymond James Financial Inc. raised its position in BlackRock MuniYield Pennsylvania Quality Fund by 5.6% in the second quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock valued at $205,000 after purchasing an additional 1,000 shares during the period. Finally, Breakwater Capital Group acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 3rd quarter valued at $224,000. 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.