BlackRock MuniYield Pennsylvania Quality Fund (MPA) to Issue Monthly Dividend of $0.05 on December 1st

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, November 13th will be given a dividend of $0.0477 per share by the investment management company on Tuesday, December 1st. This represents a $0.57 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 0.2%

Shares of BlackRock MuniYield Pennsylvania Quality Fund stock traded down $0.02 on Wednesday, reaching $10.28. The stock had a trading volume of 6,572 shares, compared to its average volume of 36,617. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $9.51 and a 1 year high of $11.87. The company has a 50 day moving average price of $10.09 and a 200 day moving average price of $10.96.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund during the first quarter valued at $828,000. Susquehanna International Group LLP purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the second quarter valued at about $165,000. Royal Bank of Canada lifted its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 67.4% in the first quarter. Royal Bank of Canada now owns 27,298 shares of the investment management company’s stock valued at $301,000 after acquiring an additional 10,995 shares during the last quarter. HighTower Advisors LLC purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 2nd quarter valued at about $123,000. Finally, Bank of New York Mellon Corp lifted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 56.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,729 shares of the investment management company’s stock worth $229,000 after acquiring an additional 7,442 shares in the last quarter. 24.70% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Pennsylvania Quality Fund, Inc. is a closed-end management investment company listed on the New York Stock Exchange under the symbol MPA. The fund is designed primarily for investors seeking current income that is exempt from regular federal income tax and Pennsylvania state and local personal income taxes. The fund invests principally in long-term municipal obligations issued by Pennsylvania municipalities and related public entities. Its portfolio may include general obligation and revenue bonds that finance public services and infrastructure such as schools, transportation systems, utilities and health-care facilities.