BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA – Get Free Report) announced a monthly dividend on Friday, November 17th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.048 per share by the investment management company on Friday, March 1st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Wednesday, February 14th.
BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.4 %
Shares of MPA stock traded down $0.04 on Friday, hitting $10.89. 20,262 shares of the stock traded hands, compared to its average volume of 25,785. BlackRock MuniYield Pennsylvania Quality Fund has a twelve month low of $9.87 and a twelve month high of $11.90. The firm’s 50-day moving average price is $10.48 and its two-hundred day moving average price is $11.10.
Insiders Place Their Bets
In other news, major shareholder Saba Capital Management, L.P. purchased 34,795 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average price of $9.94 per share, with a total value of $345,862.30. Following the purchase, the insider now directly owns 1,789,593 shares in the company, valued at approximately $17,788,554.42. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought 240,870 shares of company stock valued at $2,565,549 over the last ninety days. Company insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
BlackRock MuniYield Pennsylvania Quality Fund Company Profile
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.
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