BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Share Price Passes 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 Thursday . The stock has a 200-day moving average of $11.26 and traded as high as $11.58. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.56, with a volume of 13,993 shares changing hands.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

The company’s 50-day moving average price is $11.34 and its 200 day moving average price is $11.26.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.0477 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 5.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MPA. Elyxium Wealth LLC purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at approximately $27,000. Kestra Advisory Services LLC bought a new position in BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth $39,000. Bank of Montreal Can purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at $137,000. Royal Bank of Canada boosted its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 44.2% during the 4th quarter. Royal Bank of Canada now owns 16,303 shares of the investment management company’s stock valued at $181,000 after buying an additional 5,000 shares in the last quarter. Finally, Aviance Capital Partners LLC grew its position in shares of BlackRock MuniYield Pennsylvania Quality Fund by 13.8% in the 2nd quarter. Aviance Capital Partners LLC now owns 17,959 shares of the investment management company’s stock worth $194,000 after buying an additional 2,178 shares during the period. Hedge funds and other institutional investors own 24.70% of the company’s stock.

About BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) is a non-diversified, closed-end management investment company whose primary objective is to provide shareholders with current income exempt from regular U.S. federal and Pennsylvania personal income taxes, and to a lesser extent, capital appreciation. The fund pursues its objective by investing in municipal securities that are issued by or for the benefit of the Commonwealth of Pennsylvania and its political subdivisions.

In managing its portfolio, the fund typically allocates at least 80% of its assets to investment-grade municipal bonds issued within Pennsylvania.