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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.14 and traded as high as $11.36. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.28, with a volume of 28,053 shares traded.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The business has a 50 day moving average price of $11.24 and a 200 day moving average price of $11.14.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.0477 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Aviance Capital Partners LLC grew its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 13.8% in the second quarter. Aviance Capital Partners LLC now owns 17,959 shares of the investment management company’s stock worth $194,000 after purchasing an additional 2,178 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 5.6% during the second quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock valued at $205,000 after acquiring an additional 1,000 shares in the last quarter. Breakwater Capital Group bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the third quarter valued at approximately $224,000. Ethos Financial Group LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the second quarter valued at approximately $271,000. Finally, Yakira Capital Management Inc. bought a new position in BlackRock MuniYield Pennsylvania Quality Fund in the third quarter worth approximately $488,000. 24.70% of the stock is currently owned by 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.