BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Passes Above Two Hundred Day Moving Average of $11.29

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.29 and traded as high as $12.17. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.11, with a volume of 11,020 shares trading hands.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The company’s 50 day moving average price is $11.93 and its two-hundred day moving average price is $11.29.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a $0.048 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Thursday, March 14th.

Insider Buying and Selling

In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. acquired 52,685 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction that occurred on Wednesday, January 17th. The stock was bought at an average price of $11.50 per share, with a total value of $605,877.50. Following the completion of the purchase, the insider now directly owns 1,973,196 shares of the company’s stock, valued at approximately $22,691,754. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 157,204 shares of company stock valued at $1,852,071 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of large investors have recently bought and sold shares of the business. Captrust Financial Advisors purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the second quarter worth $44,000. JPMorgan Chase & Co. purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth $47,000. Blue Bell Private Wealth Management LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth $64,000. Almitas Capital LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the third quarter worth $119,000. Finally, Virtu Financial LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth $127,000. 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.