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In recent transactions reported by Saba Capital Management, L.P. and Boaz Weinstein, significant sales of BlackRock (NYSE:BLK) Muniyield Pennsylvania Quality Fund (NYSE:MPA) shares were disclosed. On January 23 and January 24, a total of 11,110 shares were sold, amounting to $132,314. The shares were sold at prices ranging from $11.85 to $11.95. The fund, currently trading at $11.82 with a market capitalization of $154 million, has maintained dividend payments for 33 consecutive years and shows relatively low volatility with a beta of 0.5.
InvestingPro analysis reveals several additional key metrics and insights about MPA's performance and financial health.
Following these transactions, the reporting owners now hold 2,206,125 shares. These transactions indicate a continued adjustment in the holdings of Saba Capital Management and Boaz Weinstein, both identified as ten percent owners of the fund. The stock currently trades near its 52-week low, with a P/E ratio of 24.22.
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