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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0477 per share by the investment management company on Tuesday, December 1st. This represents a $0.57 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 1.5%

NYSE MPA opened at $10.31 on Wednesday. BlackRock MuniYield Pennsylvania Quality Fund has a 1-year low of $9.51 and a 1-year high of $11.87. The business has a 50 day moving average price of $10.09 and a 200 day moving average price of $10.96.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MPA. HighTower Advisors LLC purchased a new stake in BlackRock MuniYield Pennsylvania Quality Fund during the 2nd quarter worth $123,000. Susquehanna International Group LLP purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the second quarter valued at about $165,000. Breakwater Capital Group lifted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 6.0% during the second quarter. Breakwater Capital Group now owns 20,917 shares of the investment management company’s stock worth $238,000 after purchasing an additional 1,191 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter valued at about $828,000. Finally, Royal Bank of Canada lifted its position in BlackRock MuniYield Pennsylvania Quality Fund by 67.4% during the 1st quarter. Royal Bank of Canada now owns 27,298 shares of the investment management company’s stock worth $301,000 after acquiring an additional 10,995 shares in the last quarter. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

BlackRock MuniYield Pennsylvania Quality Fund, Inc. is a closed-end management investment company listed on the New York Stock Exchange under the symbol MPA. The fund is designed primarily for investors seeking current income that is exempt from regular federal income tax and Pennsylvania state and local personal income taxes. The fund invests principally in long-term municipal obligations issued by Pennsylvania municipalities and related public entities. Its portfolio may include general obligation and revenue bonds that finance public services and infrastructure such as schools, transportation systems, utilities and health-care facilities.