BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Passes Above 200 Day Moving Average of $11.50

Shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.50 and traded as high as $12.22. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.00, with a volume of 43,742 shares.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 1.8 %

The company’s 50 day moving average is $12.05 and its 200 day moving average is $11.50.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.048 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.58 annualized dividend and a dividend yield of 4.80%.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 5,033 shares of the stock in a transaction on Monday, February 26th. The stock was bought at an average price of $11.90 per share, for a total transaction of $59,892.70. Following the completion of the acquisition, the insider now directly owns 2,024,526 shares in the company, valued at $24,091,859.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders acquired 125,544 shares of company stock worth $1,508,609. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at $64,000. Almitas Capital LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 3rd quarter valued at $119,000. Aviance Capital Partners LLC lifted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 18.5% during the 3rd quarter. Aviance Capital Partners LLC now owns 13,503 shares of the investment management company’s stock valued at $140,000 after purchasing an additional 2,109 shares during the last quarter. Wolverine Asset Management LLC increased its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 1,037.2% in the 4th quarter. Wolverine Asset Management LLC now owns 13,556 shares of the investment management company’s stock valued at $158,000 after acquiring an additional 12,364 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at $349,000. Hedge funds and other 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.