Van ECK Associates Corp Lowers Holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Van ECK Associates Corp decreased its position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 3.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 340,163 shares of the financial services provider’s stock after selling 11,562 shares during the period. Van ECK Associates Corp’s holdings in BlackRock MuniYield Fund were worth $3,691,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Freestone Capital Holdings LLC boosted its holdings in shares of BlackRock MuniYield Fund by 3.0% in the first 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 period. Transcend Capital Advisors LLC boosted its holdings in shares of BlackRock MuniYield Fund by 13.3% in the second quarter. Transcend Capital Advisors LLC now owns 17,000 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 2,000 shares during the period. Principal Securities Inc. purchased a new stake in shares of BlackRock MuniYield Fund in the fourth quarter valued at approximately $69,000. Pettinga Financial Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund in the second quarter valued at approximately $125,000. Finally, Weiss Asset Management LP purchased a new stake in shares of BlackRock MuniYield Fund in the fourth quarter valued at approximately $141,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Price Performance

Shares of NYSE:MYD opened at $11.28 on Thursday. BlackRock MuniYield Fund, Inc. has a 52 week low of $8.76 and a 52 week high of $11.30. The firm has a 50 day moving average of $11.02 and a 200 day moving average of $10.91.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be paid a $0.0525 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date is Monday, September 16th.

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.