BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Shares Pass Above 200 Day Moving Average – Time to Sell?

by · The Markets Daily

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.29 and traded as high as $11.33. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.28, with a volume of 54,875 shares trading hands.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

The company has a 50 day simple moving average of $11.29 and a 200 day simple moving average of $11.29.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.0477 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC increased its stake in BlackRock MuniYield Pennsylvania Quality Fund by 2.4% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,067,392 shares of the investment management company’s stock valued at $11,827,000 after buying an additional 24,528 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 9.0% during the 4th quarter. Wells Fargo & Company MN now owns 897,743 shares of the investment management company’s stock worth $9,947,000 after buying an additional 74,171 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.3% during the 4th quarter. Sit Investment Associates Inc. now owns 168,799 shares of the investment management company’s stock worth $1,870,000 after buying an additional 3,729 shares during the last quarter. Fiera Capital Corp acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter worth about $1,792,000. Finally, LPL Financial LLC grew its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 23.3% in the 4th quarter. LPL Financial LLC now owns 120,031 shares of the investment management company’s stock valued at $1,330,000 after acquiring an additional 22,700 shares in the last quarter. Institutional investors and hedge funds own 24.70% of the company’s stock.

About BlackRock MuniYield Pennsylvania Quality Fund

(Get Free Report)

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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