BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA – Get Free Report) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.0477 per share by the investment management company on Monday, November 2nd. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Thursday, October 15th.
BlackRock MuniYield Pennsylvania Quality Fund Price Performance
Shares of BlackRock MuniYield Pennsylvania Quality Fund stock opened at $10.41 on Friday. The company’s fifty day simple moving average is $11.06 and its two-hundred day simple moving average is $11.20. BlackRock MuniYield Pennsylvania Quality Fund has a 12-month low of $10.38 and a 12-month high of $11.87.
Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund
A number of large investors have recently made changes to their positions in the business. Elyxium Wealth LLC bought a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth $27,000. Kestra Advisory Services LLC purchased a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $39,000. Sovereign Financial Group Inc. bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund in the first quarter worth $110,000. HighTower Advisors LLC bought a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 2nd quarter worth about $123,000. Finally, Bank of Montreal Can purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the fourth quarter valued at approximately $137,000. 24.70% of the stock is currently owned by 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.
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