BlackRock MuniYield Pennsylvania Quality Fund (MPA) To Go Ex-Dividend on May 15th

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Friday, February 27th. Investors of record on Friday, May 15th will be paid a dividend of 0.0477 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, May 15th.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.4%

NYSE:MPA traded down $0.05 on Wednesday, hitting $11.42. The stock had a trading volume of 480 shares, compared to its average volume of 34,403. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $10.50 and a 52-week high of $11.65. The business’s 50-day simple moving average is $11.24 and its two-hundred day simple moving average is $11.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MPA. Elyxium Wealth LLC bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at approximately $27,000. Kestra Advisory Services LLC bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at approximately $39,000. Sovereign Financial Group Inc. bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at approximately $110,000. Bank of Montreal Can bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at approximately $137,000. Finally, Royal Bank of Canada increased its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 44.2% during the 4th quarter. Royal Bank of Canada now owns 16,303 shares of the investment management company’s stock valued at $181,000 after purchasing an additional 5,000 shares during the last quarter. 24.70% of the stock is owned by hedge funds and other 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.