Mercer Global Advisors Inc. ADV Decreases Stock Holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Mercer Global Advisors Inc. ADV decreased its holdings in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 16.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,009 shares of the financial services provider’s stock after selling 2,326 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in BlackRock MuniYield Fund were worth $130,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MYD. Blue Bell Private Wealth Management LLC purchased a new position in shares of BlackRock MuniYield Fund in the second quarter worth approximately $25,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniYield Fund during the 2nd quarter valued at about $42,000. Pettinga Financial Advisors LLC bought a new position in shares of BlackRock MuniYield Fund in the 2nd quarter valued at about $125,000. Choreo LLC purchased a new position in BlackRock MuniYield Fund in the second quarter worth about $144,000. Finally, Aristides Capital LLC purchased a new stake in BlackRock MuniYield Fund during the 4th quarter valued at $155,000. 33.77% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Stock Performance

Shares of BlackRock MuniYield Fund stock opened at $11.56 on Wednesday. BlackRock MuniYield Fund, Inc. has a 12 month low of $8.76 and a 12 month high of $11.74. The stock’s fifty day moving average price is $11.24 and its 200-day moving average price is $10.95.

BlackRock MuniYield Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a $0.0545 dividend. This represents a $0.65 annualized dividend and a dividend yield of 5.66%. This is a boost from BlackRock MuniYield Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th.

About BlackRock MuniYield Fund

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.