Raymond James Financial Inc. acquired a new stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 120,266 shares of the financial services provider's stock, valued at approximately $1,250,000. Raymond James Financial Inc. owned 0.26% of BlackRock MuniYield Fund as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Choreo LLC increased its position in shares of BlackRock MuniYield Fund by 8.5% in the fourth quarter. Choreo LLC now owns 12,738 shares of the financial services provider's stock worth $132,000 after purchasing an additional 994 shares during the period. Sanctuary Advisors LLC increased 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 valued at $240,000 after buying an additional 2,000 shares during the period. Tanglewood Legacy Advisors LLC acquired a new position in shares of BlackRock MuniYield Fund in the 4th quarter valued at approximately $47,000. Avidian Wealth Enterprises LLC bought a new stake in shares of BlackRock MuniYield Fund during the 4th quarter worth approximately $105,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of BlackRock MuniYield Fund by 740.0% during the 4th quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider's stock worth $122,000 after acquiring an additional 10,360 shares during the period. Institutional investors and hedge funds own 33.77% of the company's stock.
BlackRock MuniYield Fund Stock Performance
NYSE:MYD traded down $0.11 during mid-day trading on Friday, reaching $10.53. The stock had a trading volume of 141,668 shares, compared to its average volume of 141,567. BlackRock MuniYield Fund, Inc. has a 12 month low of $10.27 and a 12 month high of $11.74. The stock has a 50-day simple moving average of $10.69 and a two-hundred day simple moving average of $10.95.
BlackRock MuniYield Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.0545 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.21%.
BlackRock MuniYield Fund Company 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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