Private Advisor Group LLC Buys Shares of 12,054 BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Private Advisor Group LLC acquired a new position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,054 shares of the financial services provider’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Bell Private Wealth Management LLC acquired a new position in BlackRock MuniYield Fund during the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC increased its holdings in BlackRock MuniYield Fund by 2,293.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider’s stock valued at $29,000 after buying an additional 2,500 shares during the period. Wolverine Asset Management LLC bought a new stake in BlackRock MuniYield Fund in the 2nd quarter valued at $42,000. Pettinga Financial Advisors LLC bought a new stake in BlackRock MuniYield Fund in the 2nd quarter valued at $125,000. Finally, Choreo LLC bought a new stake in BlackRock MuniYield Fund in the 2nd quarter valued at $144,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Stock Up 1.1 %

MYD opened at $11.25 on Friday. The firm’s 50-day simple moving average is $11.36 and its 200-day simple moving average is $11.03. BlackRock MuniYield Fund, Inc. has a twelve month low of $9.49 and a twelve month high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.0545 per share. The ex-dividend date is Friday, November 15th. This represents a $0.65 annualized dividend and a yield of 5.81%.

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.