Raymond James & Associates Purchases 18,288 Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Raymond James & Associates raised its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 41.2% in the 4th quarter, Holdings Channel reports. The firm owned 62,726 shares of the financial services provider’s stock after acquiring an additional 18,288 shares during the period. Raymond James & Associates’ holdings in BlackRock MuniYield Fund were worth $676,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC increased its position in BlackRock MuniYield Fund by 143.5% in the third quarter. Wolverine Asset Management LLC now owns 3,604 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 2,124 shares during the last quarter. Tanglewood Legacy Advisors LLC bought a new position in BlackRock MuniYield Fund during the third quarter valued at $37,000. Axxcess Wealth Management LLC purchased a new position in shares of BlackRock MuniYield Fund in the 3rd quarter worth $92,000. Ackerman Capital Advisors LLC bought a new stake in shares of BlackRock MuniYield Fund in the 3rd quarter worth about $100,000. Finally, Fort Point Capital Partners LLC purchased a new stake in shares of BlackRock MuniYield Fund during the 3rd quarter valued at about $105,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Down 0.4 %

MYD opened at $10.60 on Thursday. The stock has a 50-day moving average of $10.98 and a 200 day moving average of $10.45. BlackRock MuniYield Fund, Inc. has a 12 month low of $8.76 and a 12 month high of $11.30.

BlackRock MuniYield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.0525 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend is Friday, April 12th.

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.