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

BlackRock MuniYield Pennsylvania Quality Fund logo with Finance background

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.89 and traded as high as $11.37. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.34, with a volume of 20,450 shares trading hands.

BlackRock MuniYield Pennsylvania Quality Fund Trading Up 0.1%

The stock's 50-day moving average is $11.05 and its 200 day moving average is $10.89.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a dividend of $0.066 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPA. Santori & Peters Inc. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the first quarter worth approximately $112,000. Landscape Capital Management L.L.C. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the first quarter worth approximately $117,000. Shufro Rose & Co. LLC bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the first quarter worth approximately $168,000. Aviance Capital Partners LLC grew its position in BlackRock MuniYield Pennsylvania Quality Fund by 12.4% in the first 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 in the last quarter. Finally, Raymond James Financial Inc. grew its position 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 worth $205,000 after acquiring an additional 1,000 shares in the last quarter. 24.70% of the stock is 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.

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