Commonwealth Equity Services LLC raised its position in BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 50.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,592 shares of the financial services provider's stock after acquiring an additional 28,958 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.19% of BlackRock MuniYield Fund worth $900,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Hollencrest Capital Management increased its position in shares of BlackRock MuniYield Fund by 39.4% during the fourth quarter. Hollencrest Capital Management now owns 16,985 shares of the financial services provider's stock worth $176,000 after acquiring an additional 4,800 shares during the period. Independent Advisor Alliance acquired a new position in BlackRock MuniYield Fund during the 4th quarter worth $120,000. Intellectus Partners LLC increased its holdings in BlackRock MuniYield Fund by 57.2% during the 4th quarter. Intellectus Partners LLC now owns 119,500 shares of the financial services provider's stock worth $1,242,000 after purchasing an additional 43,500 shares during the period. Raymond James Financial Inc. acquired a new stake in BlackRock MuniYield Fund in the 4th quarter valued at about $1,250,000. Finally, Wolverine Asset Management LLC boosted its stake in shares of BlackRock MuniYield Fund by 740.0% in the 4th quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider's stock valued at $122,000 after buying an additional 10,360 shares during the period. 33.77% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniYield Fund Stock Performance
Shares of BlackRock MuniYield Fund stock traded down $0.11 on Friday, reaching $10.53. 141,668 shares of the company were exchanged, compared to its average volume of 141,279. The stock's 50 day moving average price is $10.69 and its 200-day moving average price is $10.95. BlackRock MuniYield Fund, Inc. has a 1-year low of $10.27 and a 1-year high of $11.74.
BlackRock MuniYield Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.0545 per share. This represents a $0.65 annualized dividend and a yield of 6.21%. The ex-dividend date of this dividend is Tuesday, April 15th.
About BlackRock MuniYield Fund
(
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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