BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

by · The Cerbat Gem

Shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.01 and traded as high as $11.32. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.31, with a volume of 25,014 shares.

BlackRock MuniYield Pennsylvania Quality Fund Stock Up 0.4%

The business’s fifty day moving average is $11.35 and its two-hundred day moving average is $11.01.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a dividend of $0.066 per share. The ex-dividend date was Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of institutional investors and hedge funds have recently modified their holdings of MPA. Wolverine Asset Management LLC grew its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 86.5% during the 1st quarter. Wolverine Asset Management LLC now owns 69,907 shares of the investment management company’s stock worth $784,000 after acquiring an additional 32,419 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter valued at about $117,000. Royal Bank of Canada increased its stake in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% in the first quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company’s stock valued at $746,000 after purchasing an additional 1,500 shares in the last quarter. Aviance Capital Partners LLC increased its stake in BlackRock MuniYield Pennsylvania Quality Fund by 13.8% in the second quarter. Aviance Capital Partners LLC now owns 17,959 shares of the investment management company’s stock valued at $194,000 after purchasing an additional 2,178 shares in the last quarter. Finally, Ethos Financial Group LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 2nd quarter valued at $271,000. 24.70% of the stock is owned by institutional investors.

About BlackRock MuniYield Pennsylvania Quality Fund

(Get Free Report)

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.

Featured Articles