BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Crosses Above Two Hundred Day Moving Average of $11.42

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.42 and traded as high as $12.39. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.21, with a volume of 16,496 shares traded.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The firm has a 50-day moving average price of $12.02 and a two-hundred day moving average price of $11.43.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.048 per share. This represents a $0.58 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Friday, April 12th.

Insider Transactions at BlackRock MuniYield Pennsylvania Quality Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 3,817 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were bought at an average price of $11.61 per share, with a total value of $44,315.37. Following the completion of the transaction, the insider now directly owns 1,989,607 shares in the company, valued at approximately $23,099,337.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have acquired 138,151 shares of company stock valued at $1,655,855. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MPA. Saba Capital Management L.P. increased its position in BlackRock MuniYield Pennsylvania Quality Fund by 19.0% during the third quarter. Saba Capital Management L.P. now owns 1,679,369 shares of the investment management company’s stock worth $17,415,000 after buying an additional 268,399 shares during the period. Logan Stone Capital LLC purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at approximately $1,568,000. Ethos Financial Group LLC purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at approximately $349,000. Rivernorth Capital Management LLC grew its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 124.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 43,036 shares of the investment management company’s stock valued at $562,000 after purchasing an additional 23,887 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 13.1% in the 4th quarter. Morgan Stanley now owns 183,674 shares of the investment management company’s stock valued at $2,022,000 after purchasing an additional 21,333 shares during the last quarter. 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 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.