BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Shares Pass Above 200-Day Moving Average – Here’s What Happened

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.28 and traded as high as $11.35. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.31, with a volume of 42,521 shares changing hands.

BlackRock MuniYield Pennsylvania Quality Fund Trading Up 0.4%

The stock has a fifty day moving average of $11.27 and a 200-day moving average of $11.29.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.0477 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPA. Elyxium Wealth LLC acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at approximately $27,000. Kestra Advisory Services LLC purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at $39,000. Sovereign Financial Group Inc. purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the first quarter valued at $110,000. Bank of Montreal Can purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at $137,000. Finally, Royal Bank of Canada raised its position in BlackRock MuniYield Pennsylvania Quality Fund by 44.2% in the fourth 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 period. 24.70% of the stock is currently 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.