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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.23 and traded as high as $11.52. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.4850, with a volume of 9,844 shares trading hands.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The stock’s 50-day moving average price is $11.30 and its 200-day moving average price is $11.23.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company 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) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, March 13th.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Hedge funds have recently added to or reduced their stakes in the company. Fiera Capital Corp bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter worth about $1,792,000. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter worth approximately $880,000. Wells Fargo & Company MN raised 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 worth $9,947,000 after buying an additional 74,171 shares during the last quarter. Yakira Capital Management Inc. bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the third quarter worth approximately $488,000. Finally, Ethos Financial Group LLC acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the second quarter valued at approximately $271,000. Institutional investors own 24.70% of the company’s stock.

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.