BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Announces $0.07 Monthly Dividend

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.066 per share by the investment management company on Tuesday, July 1st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date is Friday, June 13th.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

MPA opened at $10.87 on Thursday. The business has a 50 day moving average of $10.86 and a 200-day moving average of $11.45. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $10.26 and a 1-year high of $12.82.

Insider Activity at BlackRock MuniYield Pennsylvania Quality Fund

In related news, major shareholder Saba Capital Management, L.P. sold 4,582 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $11.59, for a total transaction of $53,105.38. Following the transaction, the insider now directly owns 1,987,259 shares in the company, valued at $23,032,331.81. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 467,012 shares of company stock worth $5,085,655 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

A hedge fund recently raised its stake in BlackRock MuniYield Pennsylvania Quality Fund stock. Royal Bank of Canada increased its position in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,568 shares of the investment management company’s stock after purchasing an additional 1,500 shares during the quarter. Royal Bank of Canada owned approximately 0.51% of BlackRock MuniYield Pennsylvania Quality Fund worth $746,000 at the end of the most recent 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.