Form 4: Saba Capital Management Reduces Stake in BlackRock MuniYield Pennsylvania Quality Fund
SEC Form 4 Filing
Saba Capital Management sold 4,540 shares of BlackRock MuniYield Pennsylvania Quality Fund (MPA) at $11.70 per share on February 26, 2025, reducing their holdings to 1,997,433 shares.
Summary
- On February 26, 2025, Saba Capital Management, L.P. sold 4,540 shares of BlackRock MuniYield Pennsylvania Quality Fund (MPA) common stock.
- The sale price was $11.70 per share.
- Following the transaction, Saba Capital Management's beneficial ownership in MPA stands at 1,997,433 shares.
- Boaz Weinstein, also listed as a reporting person, is associated with Saba Capital Management.
- Both Saba Capital Management and Boaz Weinstein are listed as 10% owners and directors.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about a change in ownership.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders (10% owners) of a publicly traded company buy or sell the company's stock. This filing indicates a change in Saba Capital Management's holdings in BlackRock MuniYield Pennsylvania Quality Fund.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Saba Capital Management sold shares of MPA. |
| 02/27/2025 | Date of signature for the Form 4 filing by Zachary Gindes and Boaz Weinstein. |
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