BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Passes Above 200-Day Moving Average – Here’s What Happened

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.30 and traded as high as $11.40. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.3020, with a volume of 35,237 shares traded.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The firm’s 50 day simple moving average is $11.39 and its 200 day simple moving average is $11.30.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.0477 dividend. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Monday, June 15th.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC boosted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.4% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,067,392 shares of the investment management company’s stock valued at $11,827,000 after buying an additional 24,528 shares during the period. Wells Fargo & Company MN grew its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 9.0% during the fourth quarter. Wells Fargo & Company MN now owns 897,743 shares of the investment management company’s stock valued at $9,947,000 after buying an additional 74,171 shares during the last quarter. Sit Investment Associates Inc. raised its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.3% in the fourth quarter. Sit Investment Associates Inc. now owns 168,799 shares of the investment management company’s stock worth $1,870,000 after buying an additional 3,729 shares during the period. Fiera Capital Corp purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth approximately $1,792,000. Finally, LPL Financial LLC lifted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 23.3% during the 4th quarter. LPL Financial LLC now owns 120,031 shares of the investment management company’s stock worth $1,330,000 after acquiring an additional 22,700 shares during the last quarter. 24.70% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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.