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Saba Capital Management, L.P., a significant shareholder in BlackRock (NYSE:BLK) Muniyield Pennsylvania Quality Fund (NYSE:MPA), recently sold a portion of its holdings. According to a recent filing, Saba Capital disposed of 3,713 shares at a price of $11.83 each, totaling approximately $43,924. The fund, which offers a substantial 6.7% dividend yield and has maintained dividend payments for 33 consecutive years, currently trades near its 52-week low of $11.31.
Following this transaction, Saba Capital still retains a substantial stake in the fund, with 2,189,294 shares remaining. The sale was executed on January 29, 2025, and reported under the ownership of both Saba Capital Management and Boaz Weinstein, who is also a notable investor in the fund.
This transaction highlights ongoing portfolio adjustments by significant investors in the municipal bond fund, which is managed by BlackRock, one of the world’s leading asset management firms.
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