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Saba Capital Management, L.P., a significant shareholder in BlackRock (NYSE:BLK) MuniYield Pennsylvania Quality Fund (NYSE:MPA), has reported a sale of 12,050 shares, according to a recent SEC filing. The transaction, executed on February 19, 2025, was completed at a price of $11.58 per share, amounting to a total of $139,539. The fund, currently trading near its 52-week low of $11.31, offers a substantial 6.83% dividend yield and has maintained dividend payments for 33 consecutive years, according to InvestingPro data. Following this sale, Saba Capital retains ownership of 2,010,905 shares in the $150M market cap fund, which maintains a low volatility profile with a beta of 0.5. The filing also lists Boaz Weinstein as a reporting owner, indicating his involvement in the transaction. InvestingPro subscribers have access to 6 additional key insights about MPA’s financial health and valuation metrics.
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