BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.066 per share by the investment management company on Tuesday, July 1st. This represents a $0.79 annualized dividend and a dividend yield of 7.31%. The ex-dividend date is Friday, June 13th.
BlackRock MuniYield Pennsylvania Quality Fund Stock Down 0.5%
NYSE MPA traded down $0.05 on Thursday, reaching $10.83. The stock had a trading volume of 15,787 shares, compared to its average volume of 39,666. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $10.26 and a 12-month high of $12.82. The stock has a fifty day moving average price of $10.86 and a two-hundred day moving average price of $11.45.
Insiders Place Their Bets
In related news, major shareholder Saba Capital Management, L.P. sold 3,379 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $10.83, for a total value of $36,594.57. Following the transaction, the insider now owns 1,314,445 shares of the company's stock, valued at $14,235,439.35. This represents a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 467,012 shares of company stock worth $5,085,655 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
An institutional investor recently raised its position in BlackRock MuniYield Pennsylvania Quality Fund stock. Royal Bank of Canada lifted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,568 shares of the investment management company's stock after buying an additional 1,500 shares during the period. Royal Bank of Canada owned approximately 0.51% of BlackRock MuniYield Pennsylvania Quality Fund worth $746,000 at the end of the most recent quarter. Institutional investors and hedge funds own 24.70% of the company's stock.
BlackRock MuniYield Pennsylvania Quality Fund Company Profile
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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.
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