Congress Park Capital LLC lowered its holdings in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 716,000 shares of the financial services provider's stock after selling 74,000 shares during the period. BlackRock MuniYield Fund makes up 2.7% of Congress Park Capital LLC's holdings, making the stock its 14th largest position. Congress Park Capital LLC owned approximately 1.53% of BlackRock MuniYield Fund worth $7,439,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its stake in shares of BlackRock MuniYield Fund by 10.2% during the third quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider's stock valued at $240,000 after acquiring an additional 2,000 shares during the period. Virtu Financial LLC acquired a new stake in shares of BlackRock MuniYield Fund in the third quarter valued at $230,000. Intellectus Partners LLC lifted its holdings in shares of BlackRock MuniYield Fund by 10.1% in the third quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider's stock valued at $872,000 after buying an additional 7,000 shares during the period. J.W. Cole Advisors Inc. bought a new position in BlackRock MuniYield Fund during the third quarter valued at about $605,000. Finally, Private Advisor Group LLC bought a new stake in BlackRock MuniYield Fund in the third quarter worth about $138,000. Institutional investors and hedge funds own 33.77% of the company's stock.
BlackRock MuniYield Fund Stock Performance
Shares of NYSE:MYD traded up $0.02 during trading hours on Friday, hitting $10.65. 57,312 shares of the company's stock traded hands, compared to its average volume of 139,937. The company's fifty day simple moving average is $10.90 and its two-hundred day simple moving average is $11.10. BlackRock MuniYield Fund, Inc. has a 52 week low of $10.27 and a 52 week high of $11.74.
BlackRock MuniYield Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a dividend of $0.0545 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend is Wednesday, January 15th.
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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