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Saba Capital Management, L.P., a significant shareholder in BlackRock (NYSE:BLK) MuniYield Pennsylvania Quality Fund (NYSE:MPA), recently sold 24,139 shares of the fund’s common stock. The transaction, executed on February 5, 2025, totaled $286,288, with shares sold at $11.86 each. The fund, currently trading at $11.88 and offering a 6.67% dividend yield, has maintained dividend payments for 33 consecutive years according to InvestingPro data.
Following this sale, Saba Capital Management holds 2,142,161 shares in the fund, which has a market capitalization of $153.84 million. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. The filing was signed by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein, both of whom are listed as ten percent owners. InvestingPro analysis reveals the fund is trading near its 52-week low, with additional financial health metrics available to subscribers.
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