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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) declared a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be given a dividend of 0.0477 per share by the investment management company on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, August 14th.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.0%

Shares of NYSE MPA opened at $11.12 on Wednesday. BlackRock MuniYield Pennsylvania Quality Fund has a twelve month low of $10.63 and a twelve month high of $11.87. The stock has a 50 day moving average of $11.22 and a two-hundred day moving average of $11.28.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the first quarter worth about $828,000. Royal Bank of Canada increased its holdings in shares of BlackRock MuniYield Pennsylvania Quality Fund by 67.4% in the first quarter. Royal Bank of Canada now owns 27,298 shares of the investment management company’s stock valued at $301,000 after purchasing an additional 10,995 shares during the period. Cetera Investment Advisers raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 9.5% during the first quarter. Cetera Investment Advisers now owns 29,720 shares of the investment management company’s stock worth $328,000 after purchasing an additional 2,586 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of BlackRock MuniYield Pennsylvania Quality Fund by 56.0% during the first quarter. Bank of New York Mellon Corp now owns 20,729 shares of the investment management company’s stock worth $229,000 after purchasing an additional 7,442 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter worth $39,000. 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.