BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Trading Down 0.6% – What’s Next?

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA)’s share price dropped 0.6% during trading on Thursday . The company traded as low as $12.23 and last traded at $12.28. Approximately 16,601 shares traded hands during mid-day 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 0.7 %

The company’s 50-day simple moving average is $12.23 and its 200 day simple moving average is $12.35.

BlackRock MuniYield Pennsylvania Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.066 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.79 dividend on an annualized basis and a yield of 6.50%.

Insiders Place Their Bets

In related news, Portfolio Manager Phillip Soccio sold 2,056 shares of the 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 directly owns 1 shares of the company’s stock, valued at $12.44. This trade represents a 99.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of BlackRock MuniYield Pennsylvania Quality Fund

An institutional investor recently bought a new position in BlackRock MuniYield Pennsylvania Quality Fund stock. Haverford Trust Co acquired a new stake in shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,120 shares of the investment management company’s stock, valued at approximately $414,000. Haverford Trust Co owned about 0.26% 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.