BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Crosses Above 200 Day Moving Average – What’s Next?

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.90 and traded as high as $11.49. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.34, with a volume of 13,702 shares changing hands.

BlackRock MuniYield Pennsylvania Quality Fund Price Performance

The company’s fifty day moving average price is $11.13 and its 200 day moving average price is $10.90.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.066 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 50.4% during the 2nd quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company’s stock valued at $620,000 after purchasing an additional 19,266 shares during the period. Raymond James Financial Inc. boosted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 5.6% during the 2nd quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock valued at $205,000 after purchasing an additional 1,000 shares during the period. Ethos Financial Group LLC acquired a new position in BlackRock MuniYield Pennsylvania Quality Fund during the 2nd quarter valued at about $271,000. Aviance Capital Partners LLC boosted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 13.8% during the 2nd quarter. Aviance Capital Partners LLC now owns 17,959 shares of the investment management company’s stock valued at $194,000 after purchasing an additional 2,178 shares during the period. Finally, Royal Bank of Canada boosted its stake in BlackRock MuniYield Pennsylvania Quality Fund by 2.3% during the 1st quarter. Royal Bank of Canada now owns 66,568 shares of the investment management company’s stock valued at $746,000 after purchasing an additional 1,500 shares during the period. 24.70% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Pennsylvania Quality Fund is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in long-term investment grade municipal obligations exempt from federal income taxes and Pennsylvania income taxes.