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Saba capital sells $668,237 in BlackRock Muniyield Pennsylvania Quality Fund shares

Published 14/04/2025, 17:42
Saba capital sells $668,237 in BlackRock Muniyield Pennsylvania Quality Fund shares
MPA
-0.47%

Saba Capital Management, L.P., led by Boaz Weinstein, reported a sale of shares in BlackRock (NYSE:BLK) Muniyield Pennsylvania Quality Fund (NYSE:MPA), according to a recent SEC filing. On April 10, Saba Capital sold 63,885 shares at a price of $10.46 each, totaling $668,237. The fund, currently trading at $10.65, offers a substantial 7.51% dividend yield and has maintained dividend payments for 33 consecutive years. Following this transaction, Saba Capital holds 1,908,124 shares indirectly. This move is part of routine portfolio management by the investment firm, which is a significant stakeholder in the fund. With the stock trading near its 52-week low of $10.26 and showing oversold conditions, InvestingPro analysis reveals additional technical indicators that could signal potential trading opportunities.

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