BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Price Passes Above 200-Day Moving Average of $11.09

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPAGet Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.09 and traded as high as $12.04. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.95, with a volume of 20,844 shares changing hands.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The company has a 50 day moving average of $11.60 and a 200-day moving average of $11.09.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.048 per share. The ex-dividend date was Thursday, December 14th. This represents a yield of 5.07%.

Insider Transactions at BlackRock MuniYield Pennsylvania Quality Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 9,259 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was bought at an average cost of $11.36 per share, for a total transaction of $105,182.24. Following the acquisition, the insider now directly owns 1,881,841 shares in the company, valued at $21,377,713.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 130,971 shares of company stock valued at $1,505,817 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 40,341 shares of the investment management company’s stock worth $418,000 after purchasing an additional 1,342 shares in the last quarter. LPL Financial LLC increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 3.1% in the 2nd quarter. LPL Financial LLC now owns 48,069 shares of the investment management company’s stock worth $562,000 after purchasing an additional 1,430 shares in the last quarter. Aviance Capital Partners LLC increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 18.5% in the 3rd quarter. Aviance Capital Partners LLC now owns 13,503 shares of the investment management company’s stock worth $140,000 after purchasing an additional 2,109 shares in the last quarter. Raymond James & Associates increased its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 6.9% in the 2nd quarter. Raymond James & Associates now owns 43,402 shares of the investment management company’s stock worth $507,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 2nd quarter worth $44,000. 19.23% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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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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