Rivernorth Capital Management LLC decreased its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,197,313 shares of the financial services provider's stock after selling 293,756 shares during the quarter. BlackRock MuniYield Fund comprises about 2.3% of Rivernorth Capital Management LLC's portfolio, making the stock its 9th largest holding. Rivernorth Capital Management LLC owned approximately 9.00% of BlackRock MuniYield Fund worth $47,975,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC bought a new position in BlackRock MuniYield Fund during the second quarter valued at $25,000. EverSource Wealth Advisors LLC grew its position in BlackRock MuniYield Fund by 2,293.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 2,500 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniYield Fund during the second quarter worth $42,000. Pettinga Financial Advisors LLC bought a new position in BlackRock MuniYield Fund in the 2nd quarter worth about $125,000. Finally, Private Advisor Group LLC purchased a new stake in shares of BlackRock MuniYield Fund in the third quarter valued at approximately $138,000. Hedge funds and other institutional investors own 33.77% of the company's stock.
BlackRock MuniYield Fund Stock Performance
Shares of BlackRock MuniYield Fund stock traded down $0.09 during trading on Friday, hitting $11.07. 93,275 shares of the stock traded hands, compared to its average volume of 162,393. The stock's fifty day simple moving average is $11.28 and its 200 day simple moving average is $11.13. BlackRock MuniYield Fund, Inc. has a 52-week low of $10.35 and a 52-week high of $11.74.
BlackRock MuniYield Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date is Monday, December 16th.
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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