BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) Shares Pass Above 200 Day Moving Average – Time to Sell?

BlackRock MuniYield Pennsylvania Quality Fund (NYSE:MPA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.01 and traded as high as $11.32. BlackRock MuniYield Pennsylvania Quality Fund shares last traded at $11.31, with a volume of 25,014 shares changing hands.

BlackRock MuniYield Pennsylvania Quality Fund Stock Up 0.4%

The firm’s 50 day moving average is $11.35 and its two-hundred day moving average is $11.01.

BlackRock MuniYield Pennsylvania Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a $0.066 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Friday, November 14th.

Institutional Investors Weigh In On BlackRock MuniYield Pennsylvania Quality Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. grew its holdings in BlackRock MuniYield Pennsylvania Quality Fund by 5.6% during the second quarter. Raymond James Financial Inc. now owns 18,957 shares of the investment management company’s stock worth $205,000 after purchasing an additional 1,000 shares during the period. Royal Bank of Canada boosted its stake in shares of 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 worth $746,000 after acquiring an additional 1,500 shares during the period. Aviance Capital Partners LLC boosted its stake in shares of 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 worth $194,000 after acquiring an additional 2,178 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of BlackRock MuniYield Pennsylvania Quality Fund during the 1st quarter worth approximately $117,000. Finally, Osaic Holdings Inc. raised its stake in BlackRock MuniYield Pennsylvania Quality Fund by 50.4% in the 2nd quarter. Osaic Holdings Inc. now owns 57,496 shares of the investment management company’s stock valued at $620,000 after acquiring an additional 19,266 shares during the period. 24.70% of the stock is owned by institutional investors.

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.