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Saba Capital Management, L.P., a notable ten percent owner, recently executed a stock sale involving BlackRock (NYSE:BLK) Muniyield Pennsylvania Quality Fund (NYSE:MPA), a $145.42 million closed-end fund currently offering a 7.08% dividend yield. On March 28, the firm sold 1,216 shares at a price of $11.19 per share, generating a total of $13,607. Following this transaction, Saba Capital Management holds 1,972,009 shares in the fund. InvestingPro data shows the fund trades with notably low volatility, with a beta of 0.53, and has maintained dividend payments for 33 consecutive years.
The transaction, disclosed in a Form 4 filing with the Securities and Exchange Commission, was signed by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein. The filing was made public on March 31, 2025. For more detailed insights and additional ProTips about MPA’s financial health and dividend sustainability, visit InvestingPro.
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