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NEW YORK—Saba Capital Management, L.P., and Boaz Weinstein, both significant stakeholders in BlackRock (NYSE:BLK) MuniYield Pennsylvania Quality Fund (NYSE:MPA), have recently sold shares in the company. The fund, with a market capitalization of $149 million and an attractive dividend yield of 6.79%, has maintained dividend payments for 33 consecutive years. According to a recent SEC filing, the transactions occurred over two consecutive days.
On February 10, a total of 12,801 shares were sold at a price of $11.74 each. The following day, an additional 19,953 shares were sold at $11.68 per share. These transactions amounted to a total sale value of $383,334. According to InvestingPro, MPA exhibits low price volatility with a beta of 0.5, and the stock is currently trading near its 52-week low of $11.31.
Following these sales, the stakeholders hold a total of 2,079,553 shares in BlackRock MuniYield Pennsylvania Quality Fund. The sales were conducted indirectly, as noted in the filing. For more detailed analysis and additional insights, including 6 more exclusive ProTips, visit InvestingPro.
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