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

Shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.98 and traded as high as $11.46. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.4450, with a volume of 12,747 shares traded.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The stock’s 50 day simple moving average is $11.34 and its two-hundred day simple moving average is $10.98.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.066 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, November 14th.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the first quarter worth about $117,000. Shufro Rose & Co. LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter worth about $168,000. Aviance Capital Partners LLC increased its position in BlackRock MuniYield Pennsylvania Quality Fund by 13.8% during the 2nd quarter. Aviance Capital Partners LLC now owns 17,959 shares of the investment management company’s stock worth $194,000 after purchasing an additional 2,178 shares in the last quarter. Raymond James Financial Inc. raised its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 5.6% in the second quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock valued at $205,000 after buying an additional 1,000 shares during the period. Finally, Breakwater Capital Group acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the third quarter valued at approximately $224,000. Hedge funds and other institutional investors own 24.70% of the company’s stock.

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.