BlackRock MuniYield Fund, Inc. $MYD Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 264,157 shares of the financial services provider’s stock after purchasing an additional 14,930 shares during the quarter. LPL Financial LLC owned 0.57% of BlackRock MuniYield Fund worth $2,787,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of BlackRock MuniYield Fund by 17.8% during 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 purchasing an additional 39,001 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in BlackRock MuniYield Fund by 24.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 118,767 shares of the financial services provider’s stock valued at $1,253,000 after acquiring an additional 23,473 shares during the period. Nomura Holdings Inc. acquired a new stake in BlackRock MuniYield Fund in the fourth quarter valued at $312,000. Wealth Enhancement Advisory Services LLC acquired a new stake in BlackRock MuniYield Fund in the fourth quarter valued at $245,000. Finally, Nuveen Asset Management LLC lifted its holdings in BlackRock MuniYield Fund by 6.7% in the fourth quarter. Nuveen Asset Management LLC now owns 31,861 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 2,000 shares during the period. 33.77% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Price Performance

BlackRock MuniYield Fund stock opened at $10.06 on Monday. BlackRock MuniYield Fund, Inc. has a one year low of $9.65 and a one year high of $11.74. The business has a fifty day moving average of $9.99 and a two-hundred day moving average of $10.24.

BlackRock MuniYield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a $0.0545 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%.

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.