Choreo LLC Purchases New Stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Choreo LLC purchased a new stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,362 shares of the financial services provider’s stock, valued at approximately $144,000.

Several other institutional investors also recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC purchased a new position in shares of BlackRock MuniYield Fund in the 2nd quarter valued at $25,000. Wolverine Asset Management LLC acquired a new stake in BlackRock MuniYield Fund in the 2nd quarter valued at $42,000. Principal Securities Inc. purchased a new position in BlackRock MuniYield Fund in the fourth quarter valued at about $69,000. Pettinga Financial Advisors LLC acquired a new position in shares of BlackRock MuniYield Fund during the second quarter worth about $125,000. Finally, Weiss Asset Management LP purchased a new stake in shares of BlackRock MuniYield Fund in the fourth quarter worth about $141,000. 33.77% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Trading Up 0.2 %

MYD stock opened at $11.57 on Friday. BlackRock MuniYield Fund, Inc. has a 1 year low of $8.76 and a 1 year high of $11.74. The stock has a 50-day simple moving average of $11.16 and a 200-day simple moving average of $10.94.

BlackRock MuniYield Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.0545 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.65%. This is a positive change from BlackRock MuniYield Fund’s previous monthly dividend of $0.05.

BlackRock MuniYield Fund Profile

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.