BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• The stock price of BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) has crossed above its 200-day moving average of $10.89, reaching a peak of $11.38 during trading.
• The fund declared a monthly dividend of $0.066 per share, with an annualized yield of 7.0%, paid to shareholders on October 1st.
• Recent institutional investment activity shows several large firms, including Raymond James Financial and Royal Bank of Canada, increasing their stakes in the fund, reflecting growing investor interest.

Shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.89 and traded as high as $11.38. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.38, with a volume of 27,787 shares.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The firm's 50 day simple moving average is $10.96 and its 200 day simple moving average is $10.89.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Raymond James Financial Inc. raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 5.6% during 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. Royal Bank of Canada raised its stake 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 acquiring an additional 1,500 shares in the last quarter. Aviance Capital Partners LLC raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 12.4% during 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. Janney Montgomery Scott LLC increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 6.5% in the first quarter. Janney Montgomery Scott LLC now owns 29,632 shares of the investment management company's stock worth $332,000 after buying an additional 1,800 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.8% in the fourth quarter. Bank of America Corp DE now owns 110,813 shares of the investment management company's stock worth $1,293,000 after buying an additional 3,016 shares during the period. 24.70% of the stock is owned by hedge funds and other 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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