BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA – Get Free Report) declared a monthly dividend on Friday, June 5th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.0477 per share by the investment management company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Friday, August 14th.
BlackRock MuniYield Pennsylvania Quality Fund Price Performance
NYSE MPA opened at $11.12 on Wednesday. The stock’s 50 day moving average is $11.22 and its 200 day moving average is $11.28. BlackRock MuniYield Pennsylvania Quality Fund has a 12 month low of $10.63 and a 12 month high of $11.87.
Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund
Several institutional investors and hedge funds have recently modified their holdings of MPA. Elyxium Wealth LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at $27,000. Kestra Advisory Services LLC bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at $39,000. Sovereign Financial Group Inc. purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter worth $110,000. Bank of Montreal Can purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth $137,000. Finally, Royal Bank of Canada boosted its holdings 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. Institutional investors own 24.70% of the company’s stock.
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.
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