Wealth Enhancement Advisory Services LLC Takes Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 23,614 shares of the financial services provider’s stock, valued at approximately $245,000. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of BlackRock MuniYield Fund at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Guggenheim Capital LLC grew its position in BlackRock MuniYield Fund by 4.2% in the fourth quarter. Guggenheim Capital LLC now owns 1,107,224 shares of the financial services provider’s stock worth $11,504,000 after acquiring an additional 44,598 shares in the last quarter. Van ECK Associates Corp grew its position in BlackRock MuniYield Fund by 6.5% in the fourth quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider’s stock worth $3,612,000 after acquiring an additional 21,337 shares in the last quarter. Bank of America Corp DE grew its position in BlackRock MuniYield Fund by 17.8% in the fourth quarter. Bank of America Corp DE now owns 258,004 shares of the financial services provider’s stock worth $2,681,000 after acquiring an additional 39,001 shares in the last quarter. LPL Financial LLC grew its position in BlackRock MuniYield Fund by 54.7% in the fourth quarter. LPL Financial LLC now owns 249,227 shares of the financial services provider’s stock worth $2,589,000 after acquiring an additional 88,118 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in BlackRock MuniYield Fund in the fourth quarter worth $1,250,000. 33.77% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Trading Up 0.1%

Shares of NYSE:MYD opened at $9.97 on Tuesday. BlackRock MuniYield Fund, Inc. has a 52-week low of $9.65 and a 52-week high of $11.74. The firm has a fifty day moving average of $10.06 and a 200 day moving average of $10.47.

BlackRock MuniYield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.0545 dividend. The ex-dividend date is Friday, June 13th. 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.