Raymond James Financial Services Advisors Inc. Boosts Stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Raymond James Financial Services Advisors Inc. boosted its holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 17.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,047 shares of the financial services provider’s stock after acquiring an additional 5,293 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.08% of BlackRock MuniYield Fund worth $376,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in BlackRock MuniYield Fund in the 2nd quarter valued at approximately $41,000. Ahrens Investment Partners LLC acquired a new position in shares of BlackRock MuniYield Fund during the 1st quarter worth $64,000. JPMorgan Chase & Co. acquired a new position in shares of BlackRock MuniYield Fund during the 1st quarter worth $84,000. WealthTrust Axiom LLC purchased a new stake in shares of BlackRock MuniYield Fund in the 1st quarter worth about $111,000. Finally, Virtu Financial LLC acquired a new stake in BlackRock MuniYield Fund in the 1st quarter valued at about $142,000. 29.42% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Stock Up 1.2 %

Shares of NYSE MYD opened at $9.23 on Friday. The firm’s 50-day moving average is $9.45 and its two-hundred day moving average is $10.05. BlackRock MuniYield Fund, Inc. has a 12-month low of $8.76 and a 12-month high of $11.34.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, October 16th were paid a $0.0365 dividend. The ex-dividend date was Friday, October 13th. This represents a $0.44 annualized dividend and a yield of 4.75%.

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.