BlackRock MuniYield Pennsylvania Quality Fund (MPA) to Issue Monthly Dividend of $0.05 on April 1st

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) announced a monthly dividend on Friday, January 2nd. Investors of record on Friday, March 13th will be given a dividend of 0.0477 per share by the investment management company on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Friday, March 13th.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 0.1%

MPA traded down $0.01 during midday trading on Wednesday, hitting $11.33. The stock had a trading volume of 22,310 shares, compared to its average volume of 37,692. BlackRock MuniYield Pennsylvania Quality Fund has a 1 year low of $10.26 and a 1 year high of $11.65. The business has a fifty day moving average of $11.39 and a 200 day moving average of $11.30.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors have recently added to or reduced their stakes in the business. Fiera Capital Corp purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter worth about $1,792,000. Wolverine Asset Management LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth approximately $880,000. Wells Fargo & Company MN increased its stake in BlackRock MuniYield Pennsylvania Quality Fund by 9.0% in the 4th quarter. Wells Fargo & Company MN now owns 897,743 shares of the investment management company’s stock worth $9,947,000 after purchasing an additional 74,171 shares during the period. Yakira Capital Management Inc. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the third quarter valued at approximately $488,000. Finally, Rivernorth Capital Management LLC boosted its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 2.4% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,067,392 shares of the investment management company’s stock valued at $11,827,000 after purchasing an additional 24,528 shares during the period. 24.70% of the stock is currently owned by hedge funds and other institutional investors.

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.