Guggenheim Capital LLC boosted its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,107,224 shares of the financial services provider's stock after acquiring an additional 44,598 shares during the period. Guggenheim Capital LLC owned 2.37% of BlackRock MuniYield Fund worth $11,504,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Tanglewood Legacy Advisors LLC purchased a new position in shares of BlackRock MuniYield Fund during the fourth quarter valued at about $47,000. Avidian Wealth Enterprises LLC purchased a new stake in shares of BlackRock MuniYield Fund during the 4th quarter worth approximately $105,000. Simon Quick Advisors LLC bought a new position in shares of BlackRock MuniYield Fund during the 4th quarter valued at approximately $110,000. Independent Advisor Alliance purchased a new position in shares of BlackRock MuniYield Fund in the fourth quarter valued at $120,000. Finally, Wolverine Asset Management LLC raised its stake in BlackRock MuniYield Fund by 740.0% during the fourth quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 10,360 shares in the last quarter. 33.77% of the stock is currently owned by institutional investors.
BlackRock MuniYield Fund Stock Performance
Shares of NYSE:MYD traded up $0.09 on Tuesday, reaching $9.76. The company's stock had a trading volume of 51,898 shares, compared to its average volume of 146,397. BlackRock MuniYield Fund, Inc. has a 52-week low of $9.65 and a 52-week high of $11.74. The company has a 50-day simple moving average of $10.48 and a 200 day simple moving average of $10.80.
BlackRock MuniYield Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date is Tuesday, April 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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