BlackRock MuniYield Fund, Inc. (NYSE:MYD - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.84 and traded as low as $10.54. BlackRock MuniYield Fund shares last traded at $10.63, with a volume of 124,260 shares changing hands.
BlackRock MuniYield Fund Price Performance
The firm has a 50-day moving average price of $10.84 and a 200-day moving average price of $11.09.
BlackRock MuniYield Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.0545 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.65 annualized dividend and a yield of 6.15%.
Institutional Trading of BlackRock MuniYield Fund
Several institutional investors have recently added to or reduced their stakes in the business. Mariner Investment Group LLC purchased a new stake in BlackRock MuniYield Fund during the fourth quarter valued at $527,000. RFG Advisory LLC purchased a new stake in BlackRock MuniYield Fund in the 4th quarter worth $278,000. Simon Quick Advisors LLC bought a new stake in BlackRock MuniYield Fund during the 4th quarter valued at approximately $110,000. Sanctuary Advisors LLC lifted its holdings in BlackRock MuniYield Fund by 10.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider's stock worth $240,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in BlackRock MuniYield Fund in the 3rd quarter worth approximately $230,000. 33.77% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniYield Fund Company Profile
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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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