BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock 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 Friday . The stock has a 200-day moving average of $10.90 and traded as high as $11.49. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.34, with a volume of 13,702 shares.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

The company’s 50-day moving average price is $11.13 and its two-hundred day moving average price is $10.90.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be given a $0.066 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC increased its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 86.5% in the 1st quarter. Wolverine Asset Management LLC now owns 69,907 shares of the investment management company’s stock worth $784,000 after purchasing an additional 32,419 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.3% in the 1st quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company’s stock valued at $746,000 after buying an additional 1,500 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 50.4% in the 2nd quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company’s stock valued at $620,000 after buying an additional 19,266 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 6.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,632 shares of the investment management company’s stock valued at $332,000 after buying an additional 1,800 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 2nd quarter valued at about $271,000. Institutional investors own 24.70% of the company’s stock.

About BlackRock MuniYield Pennsylvania Quality Fund

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.