BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Crosses Above 200-Day Moving Average – What’s Next?

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.19 and traded as high as $11.45. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.45, with a volume of 18,235 shares.

BlackRock MuniYield Pennsylvania Quality Fund Trading Up 0.4%

The business’s fifty day simple moving average is $11.28 and its two-hundred day simple moving average is $11.19.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a $0.0477 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several hedge funds have recently made changes to their positions in MPA. Elyxium Wealth LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at about $27,000. Aviance Capital Partners LLC increased its position 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 buying an additional 2,178 shares during the period. Raymond James Financial Inc. lifted its stake 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 buying an additional 1,000 shares during the last quarter. Breakwater Capital Group acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at approximately $224,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the second quarter valued at approximately $271,000. 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 (NYSE: MPA) is a non-diversified, closed-end management investment company whose primary objective is to provide shareholders with current income exempt from regular U.S. federal and Pennsylvania personal income taxes, and to a lesser extent, capital appreciation. The fund pursues its objective by investing in municipal securities that are issued by or for the benefit of the Commonwealth of Pennsylvania and its political subdivisions.

In managing its portfolio, the fund typically allocates at least 80% of its assets to investment-grade municipal bonds issued within Pennsylvania.