Advisors Asset Management Inc. lessened its holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 64.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,193 shares of the financial services provider's stock after selling 93,728 shares during the quarter. Advisors Asset Management Inc. owned 0.11% of BlackRock MuniYield Fund worth $597,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Private Advisor Group LLC purchased a new stake in shares of BlackRock MuniYield Fund in the 3rd quarter worth about $138,000. Rothschild Investment LLC acquired a new position in BlackRock MuniYield Fund in the second quarter valued at $1,492,000. J.W. Cole Advisors Inc. purchased a new position in shares of BlackRock MuniYield Fund during the 3rd quarter worth about $605,000. Congress Park Capital LLC grew its stake in shares of BlackRock MuniYield Fund by 8.8% during the 3rd quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider's stock valued at $9,030,000 after buying an additional 64,000 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in BlackRock MuniYield Fund during the second quarter worth approximately $206,000. Institutional investors and hedge funds own 33.77% of the company's stock.
BlackRock MuniYield Fund Price Performance
Shares of MYD stock traded up $0.18 during trading hours on Thursday, reaching $11.35. The company had a trading volume of 163,960 shares, compared to its average volume of 164,611. BlackRock MuniYield Fund, Inc. has a twelve month low of $10.12 and a twelve month high of $11.74. The stock's fifty day simple moving average is $11.32 and its 200 day simple moving average is $11.09.
BlackRock MuniYield Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.0545 per share. The ex-dividend date is Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.76%.
BlackRock MuniYield Fund Profile
(
Free Report)
BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.
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