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Saba Capital Management, L.P., a significant stakeholder in BlackRock (NYSE:BLK) Muniyield Pennsylvania Quality Fund (NYSE:MPA), has recently executed a sale of 3,400 shares. The transaction, which took place on February 25, 2025, was priced at $11.66 per share, amounting to a total sale value of $39,644. The fund, with a market capitalization of $151.12 million, currently trades at $11.67 and maintains a notable dividend yield of 6.82%.
Following this transaction, Saba Capital Management holds 2,001,973 shares in the fund. The sale was reported by Boaz Weinstein, a key figure associated with Saba Capital, in a filing with the Securities and Exchange Commission. InvestingPro data reveals the fund has maintained dividend payments for 33 consecutive years, demonstrating remarkable consistency in shareholder returns.
BlackRock Muniyield Pennsylvania Quality Fund, known for its focus on high-quality municipal bonds, continues to be a significant entity in the investment landscape, with Saba Capital Management maintaining a substantial position in its stock. The fund exhibits low price volatility with a beta of 0.5, making it potentially attractive for income-focused investors. For comprehensive dividend analysis and additional insights, consider exploring InvestingPro, which offers exclusive financial metrics and investment tools.
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