Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.36 and traded as low as $11.03. BlackRock MuniYield Fund shares last traded at $11.13, with a volume of 154,756 shares trading hands.
BlackRock MuniYield Fund Stock Performance
The firm's 50-day simple moving average is $11.36 and its 200 day simple moving average is $11.03.
BlackRock MuniYield Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.0545 per share. The ex-dividend date is Friday, November 15th. This represents a $0.65 annualized dividend and a yield of 5.81%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Intellectus Partners LLC raised its holdings in shares of BlackRock MuniYield Fund by 10.1% in the 3rd quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider's stock valued at $872,000 after purchasing an additional 7,000 shares during the period. J.W. Cole Advisors Inc. acquired a new position in BlackRock MuniYield Fund during the third quarter worth approximately $605,000. Private Advisor Group LLC bought a new stake in BlackRock MuniYield Fund in the third quarter valued at approximately $138,000. Congress Park Capital LLC raised its stake in BlackRock MuniYield Fund by 8.8% in the third 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 acquired a new stake in shares of BlackRock MuniYield Fund in the second quarter valued at approximately $206,000. 33.77% of the stock is currently owned by institutional investors.
About BlackRock MuniYield Fund
(
Get 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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