BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Shares Cross Above 200-Day Moving Average – Here’s What Happened

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.89 and traded as high as $11.37. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.34, with a volume of 20,450 shares.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

The stock’s 50 day moving average price is $11.05 and its two-hundred day moving average price is $10.89.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a $0.066 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Wednesday, October 15th.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Santori & Peters Inc. acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at $112,000. Landscape Capital Management L.L.C. acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at $117,000. Shufro Rose & Co. LLC acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at $168,000. Aviance Capital Partners LLC raised its stake in BlackRock MuniYield Pennsylvania Quality Fund by 12.4% during the 1st quarter. Aviance Capital Partners LLC now owns 15,781 shares of the investment management company’s stock valued at $177,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in BlackRock MuniYield Pennsylvania Quality Fund by 5.6% during the 2nd quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock valued at $205,000 after purchasing an additional 1,000 shares during the last quarter. 24.70% of the stock is currently owned by institutional investors and hedge funds.

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.