BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 9,500 shares, a decline of 39.1% from the September 30th total of 15,600 shares. Based on an average trading volume of 18,700 shares, the short-interest ratio is presently 0.5 days.
Insider Activity
In related news, Portfolio Manager Phillip Soccio sold 2,056 shares of the firm's stock in a transaction on Friday, October 4th. The stock was sold at an average price of $12.44, for a total value of $25,576.64. Following the transaction, the portfolio manager now directly owns 1 shares of the company's stock, valued at approximately $12.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company's stock.
Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund
A hedge fund recently bought a new stake in BlackRock MuniYield Pennsylvania Quality Fund stock. Whitebox Advisors LLC bought a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,315 shares of the investment management company's stock, valued at approximately $210,000. Whitebox Advisors LLC owned approximately 0.13% of BlackRock MuniYield Pennsylvania Quality Fund at the end of the most recent quarter. 24.70% of the stock is owned by institutional investors.
BlackRock MuniYield Pennsylvania Quality Fund Trading Up 0.2 %
BlackRock MuniYield Pennsylvania Quality Fund stock traded up $0.03 during midday trading on Friday, hitting $12.12. The stock had a trading volume of 20,315 shares, compared to its average volume of 22,480. BlackRock MuniYield Pennsylvania Quality Fund has a 52-week low of $9.87 and a 52-week high of $12.82. The firm's fifty day moving average is $12.40 and its two-hundred day moving average is $12.33.
BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.066 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend is Tuesday, October 15th.
About BlackRock MuniYield Pennsylvania Quality Fund
(
Get Free Report)
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.
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