Ameriprise Financial Inc. Decreases Stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Ameriprise Financial Inc. reduced its position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,483 shares of the financial services provider’s stock after selling 2,382 shares during the period. Ameriprise Financial Inc. owned 0.12% of BlackRock MuniYield Fund worth $566,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MYD. Tanglewood Legacy Advisors LLC bought a new stake in BlackRock MuniYield Fund during the fourth quarter worth approximately $47,000. Avidian Wealth Enterprises LLC bought a new stake in BlackRock MuniYield Fund during the fourth quarter worth approximately $105,000. Independent Advisor Alliance bought a new stake in BlackRock MuniYield Fund during the fourth quarter worth approximately $120,000. Wolverine Asset Management LLC increased its stake in BlackRock MuniYield Fund by 740.0% during the fourth quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 10,360 shares during the last quarter. Finally, Choreo LLC increased its stake in BlackRock MuniYield Fund by 8.5% during the fourth quarter. Choreo LLC now owns 12,738 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 994 shares during the last quarter. 33.77% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Price Performance

Shares of NYSE MYD opened at $9.97 on Wednesday. The business’s 50 day moving average is $10.14 and its two-hundred day moving average is $10.55. BlackRock MuniYield Fund, Inc. has a 1-year low of $9.65 and a 1-year high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.0545 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.65 annualized dividend and a yield of 6.56%.

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.