BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.30 and traded as high as $11.44. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.4250, with a volume of 11,494 shares changing hands.
BlackRock MuniYield Pennsylvania Quality Fund Stock Up 0.3%
The stock has a fifty day moving average price of $11.25 and a 200-day moving average price of $11.30.
BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.0477 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.
Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund
A number of hedge funds have recently modified their holdings of MPA. Elyxium Wealth LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at $27,000. Kestra Advisory Services LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at $39,000. Sovereign Financial Group Inc. purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the first quarter valued at $110,000. Bank of Montreal Can purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at $137,000. Finally, Royal Bank of Canada lifted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 44.2% in the fourth quarter. Royal Bank of Canada now owns 16,303 shares of the investment management company's stock valued at $181,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 24.70% of the company's stock.
BlackRock MuniYield Pennsylvania Quality Fund Company Profile
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Get Free Report)
BlackRock MuniYield Pennsylvania Quality Fund NYSE: MPA is a non-diversified, closed-end management investment company whose primary objective is to provide shareholders with current income exempt from regular U.S. federal and Pennsylvania personal income taxes, and to a lesser extent, capital appreciation. The fund pursues its objective by investing in municipal securities that are issued by or for the benefit of the Commonwealth of Pennsylvania and its political subdivisions.
In managing its portfolio, the fund typically allocates at least 80% of its assets to investment-grade municipal bonds issued within Pennsylvania.
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