BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Share Price Crosses Above 200 Day Moving Average – What’s Next?

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.32 and traded as high as $12.46. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.14, with a volume of 32,151 shares trading hands.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 1.2 %

The firm’s 50-day simple moving average is $12.34 and its 200 day simple moving average is $12.32.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.066 dividend. This represents a $0.79 annualized dividend and a dividend yield of 6.52%. The ex-dividend date of this dividend is Friday, November 15th.

Insider Activity

In other news, Portfolio Manager Phillip Soccio sold 2,056 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $12.44, for a total value of $25,576.64. Following the completion of the transaction, the portfolio manager now owns 1 shares of the company’s stock, valued at $12.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several institutional investors and hedge funds have recently made changes to their positions in MPA. Whitebox Advisors LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter valued at $210,000. Wolverine Asset Management LLC acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 3rd quarter valued at $234,000. Finally, Haverford Trust Co acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 3rd quarter worth $414,000. Institutional investors and hedge funds own 24.70% of the company’s stock.

About BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Pennsylvania Quality Fund 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.