BlackRock MuniYield Fund, Inc. (NYSE:MYD - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.93 and traded as low as $10.43. BlackRock MuniYield Fund shares last traded at $10.49, with a volume of 139,660 shares.
BlackRock MuniYield Fund Price Performance
The business has a fifty day simple moving average of $10.92 and a 200 day simple moving average of $11.10.
BlackRock MuniYield Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.0545 dividend. This represents a $0.65 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Wednesday, January 15th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its position in shares of BlackRock MuniYield Fund by 82.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 39,406 shares of the financial services provider's stock valued at $428,000 after acquiring an additional 17,845 shares during the period. Choreo LLC purchased a new position in BlackRock MuniYield Fund in the 2nd quarter valued at approximately $144,000. EverSource Wealth Advisors LLC raised its holdings in BlackRock MuniYield Fund by 2,293.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider's stock worth $29,000 after purchasing an additional 2,500 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in BlackRock MuniYield Fund during the second quarter worth $206,000. Finally, Congress Park Capital LLC grew its holdings 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 purchasing an additional 64,000 shares during the last quarter. 33.77% of the stock is currently owned by institutional investors and hedge funds.
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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