Saba Capital Management sells $91,831 in BlackRock Muniyield Pennsylvania fund stock

Published 17/03/2025, 15:26
Saba Capital Management sells $91,831 in BlackRock Muniyield Pennsylvania fund stock

In recent transactions disclosed by Saba Capital Management, L.P., the firm sold shares of BlackRock (NYSE:BLK) Muniyield Pennsylvania Quality Fund (NYSE:MPA) over two days. The sales, executed on March 13 and March 14, 2025, involved a total of 8,097 shares. The sale prices ranged from $11.31 to $11.47 per share, culminating in a total transaction value of $91,831. The fund, currently trading at $11.28, offers a substantial 7.02% dividend yield and has maintained dividend payments for 33 consecutive years, according to InvestingPro data.

Following these sales, Saba Capital Management’s holdings in the fund were reduced to 1,979,162 shares. These transactions were reported by Boaz Weinstein, a significant stakeholder in Saba Capital Management, and were filed with the SEC on March 17, 2025. With a beta of 0.53, the fund demonstrates relatively low price volatility, and technical indicators suggest the stock is currently in oversold territory.

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