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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 substantial portion of its holdings in the $142.83 million market cap fund. According to an SEC filing, Saba Capital disposed of 35,998 shares on May 12, 2025, at a price of $11 per share, totaling $395,978. The fund currently offers a notable 7.17% dividend yield, according to InvestingPro data.
Following this transaction, Saba Capital, along with its principal Boaz Weinstein, retains ownership of 1,578,021 shares. The sale was executed indirectly, as indicated in the filing, and reflects a strategic adjustment in their investment portfolio.
This transaction continues to position Saba Capital as a major player in the fund, while also highlighting its active management strategy.
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