Form 4: Saba Capital Reduces Stake in BlackRock MuniYield Pennsylvania Quality Fund
SEC Form 4
Saba Capital Management sold 3,000 shares of BlackRock MuniYield Pennsylvania Quality Fund (MPA) at $11.73 per share on March 3, 2025, reducing their holdings to 1,994,433 shares.
Summary
- On March 3, 2025, Saba Capital Management, L.P. sold 3,000 shares of BlackRock MuniYield Pennsylvania Quality Fund (MPA) common stock.
- The shares were sold at a price of $11.73 per share.
- Following the transaction, Saba Capital Management, L.P. beneficially owns 1,994,433 shares of MPA indirectly.
- Boaz Weinstein is also listed as a reporting person, indicating his involvement with Saba Capital Management, L.P.
Sentiment
Score: 5
Explanation: Neutral sentiment as it simply reports a transaction. It doesn't indicate positive or negative outlook.
Industry Context
Hedge funds like Saba Capital Management frequently adjust their holdings in closed-end funds like MPA to manage their portfolios and capitalize on market opportunities.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Saba Capital Management sold 3,000 shares of MPA. |
| 03/04/2025 | Date of signature for the report by Zachary Gindes on behalf of Saba Capital Management, L.P. |
| 03/04/2025 | Date of signature for the report by Boaz Weinstein. |
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