BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 19,600 shares, a drop of 54.1% from the March 15th total of 42,700 shares. Based on an average trading volume of 59,900 shares, the days-to-cover ratio is presently 0.3 days.
Insider Buying and Selling
In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. acquired 52,685 shares of the company's stock in a transaction that occurred on Wednesday, January 17th. The shares were acquired 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 of the company's stock, valued at approximately $22,691,754. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 152,395 shares of company stock worth $1,801,158 in the last three months. 1.00% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $127,000. JPMorgan Chase & Co. purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at $47,000. Captrust Financial Advisors bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 2nd quarter worth $44,000. Ethos Financial Group LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth $349,000. Finally, Raymond James & Associates raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 8.6% in the fourth quarter. Raymond James & Associates now owns 35,407 shares of the investment management company's stock worth $412,000 after purchasing an additional 2,805 shares during the last quarter. 24.70% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniYield Pennsylvania Quality Fund Stock Up 1.6 %
MPA stock traded up $0.19 on Thursday, reaching $12.05. 93,880 shares of the company traded hands, compared to its average volume of 23,317. The firm has a fifty day simple moving average of $11.99 and a 200-day simple moving average of $11.36. BlackRock MuniYield Pennsylvania Quality Fund has a one year low of $9.87 and a one year high of $12.21.
BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.048 per share. The ex-dividend date is Friday, April 12th. This represents a $0.58 dividend on an annualized basis and a yield of 4.78%.
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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