BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) shares have surpassed their 200-day moving average, with a recent trading price of $11.39 after reaching a high of $11.42.
• The fund has declared a monthly dividend of $0.066, which will yield approximately 7.0% on an annualized basis, to be paid on October 1st.
• Institutional investors currently hold 24.70% of the fund's stock, with significant recent purchases from firms such as Santori & Peters Inc. and Aviance Capital Partners LLC.

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - ) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.89 and traded as high as $11.42. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.39, with a volume of 36,778 shares changing hands.

BlackRock MuniYield Pennsylvania Quality Fund Stock Up 0.2%

The business has a 50 day moving average of $10.87 and a two-hundred day moving average of $10.89.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

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

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Large investors have recently added to or reduced their stakes in the business. Santori & Peters Inc. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter valued at $112,000. Landscape Capital Management L.L.C. bought a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter worth $117,000. Shufro Rose & Co. LLC bought a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter worth $168,000. Aviance Capital Partners LLC increased its position in BlackRock MuniYield Pennsylvania Quality Fund by 12.4% during the 1st quarter. Aviance Capital Partners LLC now owns 15,781 shares of the investment management company's stock worth $177,000 after buying an additional 1,746 shares during the period. Finally, Raymond James Financial Inc. increased its position in BlackRock MuniYield Pennsylvania Quality Fund by 5.6% during the 2nd quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company's stock worth $205,000 after buying an additional 1,000 shares during the period. 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.

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