BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Shares Cross Above Two Hundred Day Moving Average of $11.42

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.42 and traded as high as $12.39. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.21, with a volume of 16,496 shares traded.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

The business has a 50 day moving average price of $12.02 and a two-hundred day moving average price of $11.43.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.048 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Friday, April 12th.

Insider Transactions at BlackRock MuniYield Pennsylvania Quality Fund

In other news, major shareholder Saba Capital Management, L.P. bought 8,790 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were bought at an average cost of $11.71 per share, for a total transaction of $102,930.90. Following the completion of the transaction, the insider now owns 2,001,189 shares of the company’s stock, valued at $23,433,923.19. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 138,151 shares of company stock valued at $1,655,855 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the second quarter valued at approximately $44,000. JPMorgan Chase & Co. bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $47,000. Blue Bell Private Wealth Management LLC bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $64,000. Almitas Capital LLC bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the third quarter valued at approximately $119,000. Finally, Virtu Financial LLC bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $127,000. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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.