BlackRock MuniYield Pennsylvania Insured (NYSE:MPA) Share Price Passes Above 200 Day Moving Average of $14.17

BlackRock MuniYield Pennsylvania Insured (NYSE:MPA)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.17 and traded as high as $14.49. BlackRock MuniYield Pennsylvania Insured shares last traded at $14.49, with a volume of 2,415 shares.

The business’s fifty day moving average price is $14.24 and its 200 day moving average price is $14.18.

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.046 per share. This represents a $0.55 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, January 14th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Saba Capital Management L.P. raised its stake in BlackRock MuniYield Pennsylvania Insured by 38.7% during the third quarter. Saba Capital Management L.P. now owns 175,322 shares of the investment management company’s stock worth $2,491,000 after buying an additional 48,938 shares during the last quarter. Ackerman Capital Advisors LLC bought a new position in BlackRock MuniYield Pennsylvania Insured during the third quarter worth $149,000. Bank of America Corp DE raised its stake in BlackRock MuniYield Pennsylvania Insured by 4.9% during the second quarter. Bank of America Corp DE now owns 102,263 shares of the investment management company’s stock worth $1,434,000 after buying an additional 4,758 shares during the last quarter. Finally, LPL Financial LLC raised its stake in BlackRock MuniYield Pennsylvania Insured by 2.4% during the second quarter. LPL Financial LLC now owns 30,760 shares of the investment management company’s stock worth $431,000 after buying an additional 717 shares during the last quarter. 10.10% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Pennsylvania Insured Company Profile (NYSE:MPA)

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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