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

Key Points

• Shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) crossed above its 200‑day moving average
• The fund declared a monthly dividend of $0.0477 payable July 1 (ex‑/record date June 15), implying an annualized yield of about 5.1%.
• MPA is a closed‑end fund that primarily invests in investment‑grade municipal bonds issued for Pennsylvania and has seen recent institutional buying, with institutions owning roughly 24.7% of the shares.

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.30 and traded as high as $11.32. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.2950, with a volume of 29,255 shares trading hands.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

The company's 50 day moving average is $11.26 and its two-hundred day moving average is $11.30.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.0477 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 5.1%.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased 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 valued at $746,000 after purchasing an additional 1,500 shares during the period. Raymond James Financial Inc. lifted 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 purchasing an additional 1,000 shares during the period. Osaic Holdings Inc. boosted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 50.4% during the second quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company's stock worth $620,000 after buying an additional 19,266 shares in the last quarter. Breakwater Capital Group acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the third quarter worth $224,000. Finally, Yakira Capital Management Inc. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 3rd quarter valued at $488,000. Institutional investors and hedge funds own 24.70% of the company's stock.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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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