BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Share Price Crosses Above 200 Day Moving Average - What's Next?

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.

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - ) shares passed 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 trading hands.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The stock's 50-day moving average price is $10.75 and its 200-day moving average price is $10.91.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.066 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Monday, September 15th.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

A number of institutional investors and hedge funds have recently modified their holdings of MPA. Osaic Holdings Inc. increased its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 50.4% in the 2nd quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company's stock valued at $620,000 after buying an additional 19,266 shares in the last quarter. Raymond James Financial Inc. grew its stake in BlackRock MuniYield Pennsylvania Quality Fund by 5.6% in the second quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company's stock valued at $205,000 after acquiring an additional 1,000 shares during the period. Ethos Financial Group LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the second quarter worth about $271,000. Aviance Capital Partners LLC increased its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 13.8% in the second quarter. Aviance Capital Partners LLC now owns 17,959 shares of the investment management company's stock worth $194,000 after acquiring an additional 2,178 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.3% during the first quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company's stock worth $746,000 after purchasing an additional 1,500 shares during the period. 24.70% of the stock is owned by institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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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