TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Saba Capital Management, L.P., a prominent investment firm, recently reported the sale of shares in the BlackRock (NYSE:BLK) MuniYield Pennsylvania Quality Fund (NYSE:MPA). The fund, currently trading at $11.59, offers a substantial 6.83% dividend yield and has maintained dividend payments for 33 consecutive years, according to InvestingPro data. According to the SEC filing, Saba Capital disposed of 2,492 shares at a price of $11.73 each, amounting to a total transaction value of $29,231. Following this transaction, Saba Capital holds 1,991,941 shares in the fund, representing a significant position in the $150.22M market cap fund. InvestingPro analysis reveals the fund trades with notably low volatility, with a beta of 0.53, and is currently near its 52-week low of $11.31. The filing, signed by Zachary Gindes on behalf of Saba Capital and Boaz Weinstein, reflects the firm’s continued activity in managing its investment portfolio.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.