BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA – Get Free Report) declared a monthly dividend on Friday, June 5th. Investors of record on Tuesday, September 15th will be given a dividend of 0.0477 per share by the investment management company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 15th.
BlackRock MuniYield Pennsylvania Quality Fund Stock Performance
Shares of MPA stock opened at $10.41 on Friday. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $10.36 and a 52-week high of $11.87. The stock’s 50-day moving average price is $11.04 and its 200 day moving average price is $11.19.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of MPA. Elyxium Wealth LLC acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter valued at $27,000. Kestra Advisory Services LLC acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 4th quarter worth $39,000. Sovereign Financial Group Inc. acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter worth $110,000. HighTower Advisors LLC purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the second quarter valued at about $123,000. Finally, Bank of Montreal Can purchased a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund in the fourth quarter valued at about $137,000. 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 (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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