BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 11,500 shares, a decline of 21.2% from the April 30th total of 14,600 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 45,900 shares, the days-to-cover ratio is presently 0.3 days.
Insider Buying and Selling at BlackRock MuniYield Pennsylvania Quality Fund
In other BlackRock MuniYield Pennsylvania Quality Fund news, major shareholder Saba Capital Management, L.P. sold 63,885 shares of the business's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $10.46, for a total value of $668,237.10. Following the transaction, the insider now directly owns 1,908,124 shares of the company's stock, valued at approximately $19,958,977.04. The trade was a 3.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 467,012 shares of company stock valued at $5,085,655. 1.00% of the stock is owned by company insiders.
Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund
Institutional investors have recently made changes to their positions in the stock. Santori & Peters Inc. purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter worth about $112,000. Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter worth about $117,000. Shufro Rose & Co. LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter worth about $168,000. Aviance Capital Partners LLC boosted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 12.4% in the 1st quarter. Aviance Capital Partners LLC now owns 15,781 shares of the investment management company's stock worth $177,000 after buying an additional 1,746 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth about $184,000. 24.70% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniYield Pennsylvania Quality Fund Price Performance
Shares of NYSE MPA traded down $0.05 during trading on Thursday, hitting $10.83. 11,491 shares of the company were exchanged, compared to its average volume of 29,730. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $10.26 and a 1 year high of $12.82. The firm's fifty day moving average price is $10.86 and its 200 day moving average price is $11.45.
BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.066 per share. The ex-dividend date is Friday, June 13th. This represents a $0.79 annualized dividend and a dividend yield of 7.31%.
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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