Invesco Ltd. Has $766,000 Stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Invesco Ltd. reduced its position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 31.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,702 shares of the financial services provider’s stock after selling 33,865 shares during the period. Invesco Ltd. owned approximately 0.16% of BlackRock MuniYield Fund worth $766,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MYD. Commonwealth Equity Services LLC raised its stake in shares of BlackRock MuniYield Fund by 50.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 86,592 shares of the financial services provider’s stock worth $900,000 after purchasing an additional 28,958 shares during the last quarter. Mariner Investment Group LLC purchased a new position in shares of BlackRock MuniYield Fund in the 4th quarter worth approximately $527,000. Van ECK Associates Corp increased its position in shares of BlackRock MuniYield Fund by 6.5% during the 4th quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider’s stock valued at $3,612,000 after purchasing an additional 21,337 shares during the last quarter. Choreo LLC raised its stake in shares of BlackRock MuniYield Fund by 8.5% during the 4th quarter. Choreo LLC now owns 12,738 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 994 shares during the period. Finally, Intellectus Partners LLC boosted its stake in BlackRock MuniYield Fund by 57.2% in the fourth quarter. Intellectus Partners LLC now owns 119,500 shares of the financial services provider’s stock valued at $1,242,000 after acquiring an additional 43,500 shares during the last quarter. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Up 1.1 %

NYSE:MYD opened at $10.29 on Friday. BlackRock MuniYield Fund, Inc. has a 12 month low of $9.65 and a 12 month high of $11.74. The firm’s 50 day moving average is $10.36 and its 200 day moving average is $10.72.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.0545 per share. This represents a $0.65 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend was Tuesday, April 15th.

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.