BlackRock MuniYield Pennsylvania Quality Fund (MPA) To Go Ex-Dividend on January 20th

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) announced a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.0477 per share by the investment management company on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock MuniYield Pennsylvania Quality Fund Trading Up 0.4%

MPA traded up $0.05 during trading on Friday, hitting $11.45. The company had a trading volume of 9,836 shares, compared to its average volume of 39,024. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $10.26 and a 1-year high of $12.08. The business has a 50-day moving average of $11.24 and a 200-day moving average of $11.11.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of hedge funds have recently bought and sold shares of MPA. Raymond James Financial Inc. lifted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 7.9% in the 3rd quarter. Raymond James Financial Inc. now owns 20,457 shares of the investment management company’s stock worth $233,000 after purchasing an additional 1,500 shares during the last quarter. Yakira Capital Management Inc. acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 3rd quarter worth about $488,000. Osaic Holdings Inc. lifted its position in BlackRock MuniYield Pennsylvania Quality Fund by 50.4% in the 2nd quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company’s stock valued at $620,000 after purchasing an additional 19,266 shares during the last quarter. Royal Bank of Canada lifted its position in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% in the 1st 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 during the last quarter. Finally, Breakwater Capital Group acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at approximately $224,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.

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.