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

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.32 and traded as high as $12.46. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $12.14, with a volume of 32,151 shares changing hands.

BlackRock MuniYield Pennsylvania Quality Fund Stock Down 1.2 %

The business’s 50 day moving average price is $12.34 and its 200-day moving average price is $12.32.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.066 dividend. This represents a $0.79 annualized dividend and a yield of 6.52%. The ex-dividend date is Friday, November 15th.

Insider Buying and Selling

In related news, Portfolio Manager Phillip Soccio sold 2,056 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $12.44, for a total value of $25,576.64. Following the completion of the transaction, the portfolio manager now owns 1 shares in the company, valued at $12.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Whitebox Advisors LLC bought a new position in BlackRock MuniYield Pennsylvania Quality Fund in the 1st quarter worth approximately $210,000. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 3rd quarter valued at $234,000. Finally, Haverford Trust Co bought a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 3rd quarter valued at $414,000. Institutional investors own 24.70% of the company’s stock.

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.