BlackRock MuniYield Pennsylvania Quality Fund (MPA) to Issue Monthly Dividend of $0.05 on December 22nd

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) announced a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, December 11th will be given a dividend of 0.0477 per share by the investment management company on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

Shares of MPA stock opened at $10.41 on Friday. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $10.36 and a 1-year high of $11.87. The firm has a fifty day moving average of $11.04 and a two-hundred day moving average of $11.19.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. increased its position in shares of 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 period. Breakwater Capital Group raised its stake in BlackRock MuniYield Pennsylvania Quality Fund by 6.0% during the 2nd quarter. Breakwater Capital Group now owns 20,917 shares of the investment management company’s stock valued at $238,000 after purchasing an additional 1,191 shares during the period. Royal Bank of Canada raised its position in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% during the first quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company’s stock valued at $746,000 after buying an additional 1,500 shares during the period. Aviance Capital Partners LLC increased its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 11.8% in the 1st quarter. Aviance Capital Partners LLC now owns 16,915 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 1,782 shares during the period. Finally, Elyxium Wealth LLC acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at approximately $27,000. 24.70% of the stock is owned by institutional investors.

About BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) is a non-diversified, closed-end management investment company whose primary objective is to provide shareholders with current income exempt from regular U.S. federal and Pennsylvania personal income taxes, and to a lesser extent, capital appreciation. The fund pursues its objective by investing in municipal securities that are issued by or for the benefit of the Commonwealth of Pennsylvania and its political subdivisions.

In managing its portfolio, the fund typically allocates at least 80% of its assets to investment-grade municipal bonds issued within Pennsylvania.