BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Shares Cross Above 200 Day Moving Average – Here’s What Happened

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.93 and traded as high as $11.50. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.38, with a volume of 18,587 shares changing hands.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

The stock has a 50-day simple moving average of $11.21 and a 200-day simple moving average of $10.93.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a $0.066 dividend. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Wednesday, October 15th.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MPA. Landscape Capital Management L.L.C. purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the first quarter worth about $117,000. Shufro Rose & Co. LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at approximately $168,000. Aviance Capital Partners LLC boosted its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 12.4% in the 1st quarter. Aviance Capital Partners LLC now owns 15,781 shares of the investment management company’s stock worth $177,000 after buying an additional 1,746 shares during the period. Raymond James Financial Inc. grew its stake in BlackRock MuniYield Pennsylvania Quality Fund by 5.6% in the 2nd quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock valued at $205,000 after buying an additional 1,000 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 2nd quarter valued at $271,000. Institutional investors own 24.70% of the company’s stock.

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.