BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.048 per share by the investment management company on Wednesday, May 1st. This represents a $0.58 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Friday, April 12th.
BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.6 %
Shares of NYSE MPA traded down $0.07 during mid-day trading on Wednesday, reaching $11.97. 9,186 shares of the company were exchanged, compared to its average volume of 22,284. The firm has a 50-day moving average of $11.97 and a 200 day moving average of $11.32. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $9.87 and a 1 year high of $12.21.
Insider Buying and Selling
In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. bought 52,685 shares of the business's stock in a transaction on Wednesday, January 17th. The stock was bought at an average price of $11.50 per share, with a total value of $605,877.50. Following the completion of the purchase, the insider now directly owns 1,973,196 shares in the company, valued at $22,691,754. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have bought 164,144 shares of company stock valued at $1,935,559. Corporate insiders own 1.00% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Captrust Financial Advisors acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 2nd quarter worth approximately $44,000. JPMorgan Chase & Co. acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at $47,000. Virtu Financial LLC purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $127,000. UBS Group AG grew its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 33.6% in the 4th quarter. UBS Group AG now owns 15,143 shares of the investment management company's stock valued at $167,000 after buying an additional 3,810 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund during the first quarter worth approximately $186,000. Institutional investors and hedge funds own 24.70% of the company's stock.
About BlackRock MuniYield Pennsylvania Quality Fund
(
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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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