Bank of Montreal Can Buys New Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Bank of Montreal Can acquired a new position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,789 shares of the financial services provider’s stock, valued at approximately $375,000. Bank of Montreal Can owned approximately 0.07% of BlackRock MuniYield Fund at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors bought a new position in BlackRock MuniYield Fund in the second quarter worth $41,000. JPMorgan Chase & Co. bought a new position in BlackRock MuniYield Fund in the first quarter worth $84,000. Phillips Wealth Planners LLC bought a new position in BlackRock MuniYield Fund in the second quarter worth $104,000. WealthTrust Axiom LLC purchased a new stake in shares of BlackRock MuniYield Fund in the first quarter worth $111,000. Finally, Virtu Financial LLC purchased a new stake in shares of BlackRock MuniYield Fund in the first quarter worth $142,000. Institutional investors own 29.42% of the company’s stock.

BlackRock MuniYield Fund Price Performance

NYSE MYD opened at $10.06 on Monday. BlackRock MuniYield Fund, Inc. has a 12 month low of $8.76 and a 12 month high of $11.34. The stock’s fifty day moving average price is $9.38 and its 200-day moving average price is $9.97.

BlackRock MuniYield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.0525 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 6.26%.

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.