BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be given a dividend of 0.066 per share by the investment management company on Friday, August 1st. This represents a $0.79 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Tuesday, July 15th.
BlackRock MuniYield Pennsylvania Quality Fund Price Performance
MPA stock traded down $0.04 during mid-day trading on Friday, reaching $10.78. 45,166 shares of the stock traded hands, compared to its average volume of 31,213. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $10.26 and a 52-week high of $12.75. The stock's fifty day moving average is $10.84 and its 200-day moving average is $11.23.
Insider Buying and Selling
In related news, major shareholder Saba Capital Management, L.P. sold 93,799 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $11.04, for a total transaction of $1,035,540.96. Following the completion of the transaction, the insider owned 1,660,220 shares in the company, valued at $18,328,828.80. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 498,898 shares of company stock worth $5,425,243 over the last 90 days. Corporate insiders own 1.00% of the company's stock.
Institutional Investors 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 position in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Free Report) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 about 0.51% of BlackRock MuniYield Pennsylvania Quality Fund worth $746,000 as of its most recent SEC filing. 24.70% of the stock is owned by institutional investors and hedge funds.
About BlackRock MuniYield Pennsylvania Quality Fund
(
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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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