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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPAGet Free Report) announced a monthly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given 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 yield of 4.82%. The ex-dividend date is Wednesday, February 14th.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

MPA opened at $11.94 on Monday. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $9.87 and a 1 year high of $12.06. The stock has a fifty day moving average price of $11.62 and a 200 day moving average price of $11.09.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. bought 9,259 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was purchased at an average price of $11.36 per share, with a total value of $105,182.24. Following the completion of the transaction, the insider now directly owns 1,881,841 shares of the company’s stock, valued at $21,377,713.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased 130,971 shares of company stock valued at $1,505,817 over the last quarter. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MPA. Logan Stone Capital LLC bought a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth $1,568,000. Rivernorth Capital Management LLC raised its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 124.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 43,036 shares of the investment management company’s stock worth $562,000 after acquiring an additional 23,887 shares during the period. Morgan Stanley raised its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 13.1% in the 4th quarter. Morgan Stanley now owns 183,674 shares of the investment management company’s stock worth $2,022,000 after acquiring an additional 21,333 shares during the period. Bank of America Corp DE raised its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 11.3% in the 1st quarter. Bank of America Corp DE now owns 203,004 shares of the investment management company’s stock worth $2,649,000 after acquiring an additional 20,656 shares during the period. Finally, Susquehanna International Group LLP bought a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter worth $186,000. Institutional investors own 19.23% of the company’s stock.

About BlackRock MuniYield Pennsylvania Quality Fund

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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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Dividend History for BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA)

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