BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Stock Price Down 0.6% – Here’s What Happened

Shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) were down 0.6% during trading on Thursday . The stock traded as low as $12.23 and last traded at $12.28. Approximately 16,601 shares changed hands during trading, a decline of 25% from the average daily volume of 22,017 shares. The stock had previously closed at $12.35.

BlackRock MuniYield Pennsylvania Quality Fund Trading Down 0.6 %

The stock’s 50-day moving average is $12.24 and its 200 day moving average is $12.35.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.066 per share. This represents a $0.79 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend is Monday, December 16th.

Insider Transactions at BlackRock MuniYield Pennsylvania Quality Fund

In other news, Portfolio Manager Phillip Soccio sold 2,056 shares of BlackRock MuniYield Pennsylvania Quality Fund stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $12.44, for a total transaction of $25,576.64. Following the completion of the sale, the portfolio manager now directly owns 1 shares in the company, valued at $12.44. The trade was a 99.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A hedge fund recently bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund stock. Wolverine Asset Management LLC purchased a new position in BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,745 shares of the investment management company’s stock, valued at approximately $234,000. Wolverine Asset Management LLC owned about 0.14% of BlackRock MuniYield Pennsylvania Quality Fund at the end of the most recent reporting period. Hedge funds and other institutional investors own 24.70% of the company’s stock.

BlackRock MuniYield Pennsylvania Quality Fund Company Profile

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.