BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Plans Monthly Dividend of $0.05

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) 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

A number of large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the second quarter valued at approximately $44,000. UBS Group AG lifted its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 33.6% in the fourth quarter. UBS Group AG now owns 15,143 shares of the investment management company’s stock valued at $167,000 after acquiring an additional 3,810 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at about $47,000. Osaic Holdings Inc. lifted its position in BlackRock MuniYield Pennsylvania Quality Fund by 6.2% in the second quarter. Osaic Holdings Inc. now owns 75,522 shares of the investment management company’s stock valued at $882,000 after buying an additional 4,437 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in BlackRock MuniYield Pennsylvania Quality Fund by 9.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 65,920 shares of the investment management company’s stock valued at $726,000 after buying an additional 5,429 shares during the last quarter. 19.23% of the stock is currently owned by institutional investors and hedge funds.

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.