BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Shares Cross Above 200 Day Moving Average of $12.12

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.12 and traded as high as $12.52. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.48, with a volume of 33,224 shares traded.

BlackRock MuniYield Pennsylvania Quality Fund Stock Performance

The business’s 50 day simple moving average is $12.41 and its two-hundred day simple moving average is $12.13.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a $0.066 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date is Thursday, August 15th.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

Several institutional investors have recently made changes to their positions in MPA. Raymond James & Associates raised its position in BlackRock MuniYield Pennsylvania Quality Fund by 8.6% in the fourth quarter. Raymond James & Associates now owns 35,407 shares of the investment management company’s stock worth $412,000 after acquiring an additional 2,805 shares during the period. Ethos Financial Group LLC bought a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth $349,000. Blue Bell Private Wealth Management LLC lifted its position in BlackRock MuniYield Pennsylvania Quality Fund by 273.4% during the first quarter. Blue Bell Private Wealth Management LLC now owns 20,490 shares of the investment management company’s stock valued at $248,000 after purchasing an additional 15,003 shares in the last quarter. Whitebox Advisors LLC purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the first quarter worth about $210,000. Finally, Wolverine Asset Management LLC raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 1,037.2% in the fourth quarter. Wolverine Asset Management LLC now owns 13,556 shares of the investment management company’s stock worth $158,000 after buying an additional 12,364 shares during the period. 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.