BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA – Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 18,141 shares, an increase of 212.9% from the April 15th total of 5,798 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 32,558 shares, the short-interest ratio is presently 0.6 days.
Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund
A number of large investors have recently modified their holdings of the business. Aviance Capital Partners LLC lifted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 11.8% in the 1st quarter. Aviance Capital Partners LLC now owns 16,915 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 1,782 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 56.0% in the 1st quarter. Bank of New York Mellon Corp now owns 20,729 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 7,442 shares during the last quarter. Sovereign Financial Group Inc. acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter valued at about $110,000. Royal Bank of Canada lifted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 44.2% in 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. Finally, Kestra Advisory Services LLC acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at about $39,000. 24.70% of the stock is currently owned by institutional investors and hedge funds.
BlackRock MuniYield Pennsylvania Quality Fund Price Performance
NYSE MPA traded up $0.02 on Thursday, reaching $11.41. The company had a trading volume of 48,282 shares, compared to its average volume of 29,488. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $10.50 and a 1-year high of $11.65. The company’s fifty day moving average is $11.24 and its 200-day moving average is $11.30.
BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement
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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