BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA – Get Free Report) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be given a dividend of 0.0477 per share by the investment management company on Monday, November 2nd. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Thursday, October 15th.
BlackRock MuniYield Pennsylvania Quality Fund Price Performance
NYSE:MPA opened at $10.41 on Friday. BlackRock MuniYield Pennsylvania Quality Fund has a 52 week low of $10.38 and a 52 week high of $11.87. The firm has a 50 day moving average of $11.06 and a 200 day moving average of $11.20.
Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPA. Elyxium Wealth LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at $27,000. Kestra Advisory Services LLC purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter worth $39,000. Sovereign Financial Group Inc. acquired a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the first quarter valued at $110,000. HighTower Advisors LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the second quarter worth about $123,000. Finally, Bank of Montreal Can acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 4th quarter valued at about $137,000. Institutional investors and hedge funds own 24.70% of the company’s stock.
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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