Private Advisor Group LLC Takes $138,000 Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Private Advisor Group LLC bought a new stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD) during the 3rd quarter, Holdings Channel reports. The fund bought 12,054 shares of the financial services provider’s stock, valued at approximately $138,000.

Several other hedge funds also recently modified their holdings of the business. Freestone Capital Holdings LLC boosted its stake in shares of BlackRock MuniYield Fund by 3.0% in the 1st quarter. Freestone Capital Holdings LLC now owns 51,500 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 1,500 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in BlackRock MuniYield Fund by 13.3% during the 2nd quarter. Transcend Capital Advisors LLC now owns 17,000 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 2,000 shares during the last quarter. Blue Bell Private Wealth Management LLC bought a new position in BlackRock MuniYield Fund during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in BlackRock MuniYield Fund by 2,293.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in BlackRock MuniYield Fund during the 2nd quarter worth approximately $42,000. Institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Price Performance

BlackRock MuniYield Fund stock opened at $11.25 on Friday. The company’s 50 day simple moving average is $11.36 and its 200 day simple moving average is $11.03. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $9.49 and a fifty-two week high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.0545 per share. The ex-dividend date is Friday, November 15th. This represents a $0.65 annualized dividend and a yield of 5.81%.

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.