LPL Financial LLC boosted its position in BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 54.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,227 shares of the financial services provider's stock after acquiring an additional 88,118 shares during the quarter. LPL Financial LLC owned 0.53% of BlackRock MuniYield Fund worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MYD. Van ECK Associates Corp boosted its position in BlackRock MuniYield Fund by 6.5% during the 4th quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider's stock worth $3,612,000 after purchasing an additional 21,337 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of BlackRock MuniYield Fund in the fourth quarter valued at about $1,250,000. Intellectus Partners LLC raised its holdings in shares of BlackRock MuniYield Fund by 57.2% during the 4th quarter. Intellectus Partners LLC now owns 119,500 shares of the financial services provider's stock valued at $1,242,000 after buying an additional 43,500 shares during the period. Atala Financial Inc acquired a new position in BlackRock MuniYield Fund during the 4th quarter worth approximately $937,000. Finally, Commonwealth Equity Services LLC boosted its holdings in BlackRock MuniYield Fund by 50.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 86,592 shares of the financial services provider's stock worth $900,000 after acquiring an additional 28,958 shares during the period. 33.77% of the stock is currently owned by institutional investors and hedge funds.
BlackRock MuniYield Fund Trading Down 0.2 %
Shares of MYD traded down $0.02 during mid-day trading on Friday, reaching $9.88. 107,157 shares of the stock traded hands, compared to its average volume of 145,896. The stock has a fifty day simple moving average of $10.50 and a 200 day simple moving average of $10.82. BlackRock MuniYield Fund, Inc. has a 12-month low of $9.65 and a 12-month high of $11.74.
BlackRock MuniYield Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.0545 per share. This represents a $0.65 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Tuesday, April 15th.
About BlackRock MuniYield Fund
(
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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