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BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Share Price Passes Above 200-Day Moving Average - Time to Sell?

BlackRock MuniYield Pennsylvania Quality Fund logo with Finance background

Key Points

  • BlackRock MuniYield Pennsylvania Quality Fund's shares have surpassed their 200-day moving average of $10.91, reaching a high of $11.28 during trading.
  • The fund announced a monthly dividend of $0.066 per share, reflecting an annualized yield of 7.0%, to be paid on October 1st to shareholders of record on September 15th.
  • Institutional ownership of the fund is significant, with 24.70% of shares held by institutional investors, including Osaic Holdings Inc. and Raymond James Financial Inc. making notable increases in their positions.
  • Five stocks we like better than BlackRock MuniYield Pennsylvania Quality Fund.

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.91 and traded as high as $11.28. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.25, with a volume of 19,946 shares changing hands.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.2%

The business has a fifty day simple moving average of $10.80 and a 200 day simple moving average of $10.90.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.066 dividend. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Monday, September 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MPA. Santori & Peters Inc. acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the first quarter valued at $112,000. Landscape Capital Management L.L.C. acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter valued at about $117,000. Shufro Rose & Co. LLC purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter valued at approximately $168,000. Aviance Capital Partners LLC grew its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 12.4% in the 1st quarter. Aviance Capital Partners LLC now owns 15,781 shares of the investment management company's stock worth $177,000 after acquiring an additional 1,746 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth approximately $184,000. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock MuniYield Pennsylvania Quality Fund

(Get Free Report)

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.

Further Reading

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