BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Price Crosses Above 200 Day Moving Average of $11.72

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.72 and traded as high as $12.15. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.01, with a volume of 54,431 shares changing hands.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

The firm’s 50 day simple moving average is $12.07 and its 200-day simple moving average is $11.73.

BlackRock MuniYield Pennsylvania Quality Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.066 dividend. This is a boost from BlackRock MuniYield Pennsylvania Quality Fund’s previous monthly dividend of $0.05. This represents a $0.79 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend is Friday, June 14th.

Insider Buying and Selling at BlackRock MuniYield Pennsylvania Quality Fund

In related news, major shareholder Saba Capital Management, L.P. bought 11,249 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $11.99 per share, for a total transaction of $134,875.51. Following the transaction, the insider now owns 2,035,828 shares of the company’s stock, valued at $24,409,577.72. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have bought 107,244 shares of company stock valued at $1,291,112. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 3.4% during 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. Aviance Capital Partners LLC boosted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 18.5% during 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 boosted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 8.6% during the 4th quarter. Raymond James & Associates now owns 35,407 shares of the investment management company’s stock worth $412,000 after purchasing an additional 2,805 shares in the last quarter. AQR Arbitrage LLC boosted its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 7.0% during the 3rd quarter. AQR Arbitrage LLC now owns 58,552 shares of the investment management company’s stock worth $607,000 after purchasing an additional 3,837 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter worth $64,000. 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 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.