Saba capital management sells $53,105 in BlackRock MuniYield Pennsylvania fund

Published 13/03/2025, 15:16
Saba capital management sells $53,105 in BlackRock MuniYield Pennsylvania fund

Saba Capital Management, led by Boaz Weinstein, has reported the sale of shares in the BlackRock (NYSE:BLK) MuniYield Pennsylvania Quality Fund (NYSE:MPA), a $149 million market cap fund currently trading near its 52-week low of $11.31. The fund boasts a notable 6.89% dividend yield and has maintained dividend payments for 33 consecutive years, according to InvestingPro data. According to a recent SEC filing, the firm sold 4,582 shares at a price of $11.59 each, totaling $53,105. Following this transaction, Saba Capital Management holds 1,987,259 shares in the fund. The transaction was filed on March 13, 2025, with the sale occurring on March 11, 2025. With a beta of 0.53, the fund demonstrates relatively low price volatility. InvestingPro subscribers have access to 6 additional key insights about MPA’s financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.