BlackRock MuniYield Fund, Inc. $MYD Stock Position Lifted by LPL Financial LLC

LPL Financial LLC boosted its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 6.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 264,157 shares of the financial services provider’s stock after purchasing an additional 14,930 shares during the period. LPL Financial LLC owned about 0.57% of BlackRock MuniYield Fund worth $2,787,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in BlackRock MuniYield Fund by 4.7% during the fourth quarter. Bank of Montreal Can now owns 21,386 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 953 shares in the last quarter. Cetera Investment Advisers raised its position in BlackRock MuniYield Fund by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 37,768 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 1,040 shares in the last quarter. Fortitude Advisory Group L.L.C. raised its position in BlackRock MuniYield Fund by 5.9% during the first quarter. Fortitude Advisory Group L.L.C. now owns 32,076 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 1,800 shares in the last quarter. Nuveen Asset Management LLC raised its position in BlackRock MuniYield Fund by 6.7% during 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 in the last quarter. Finally, NewEdge Advisors LLC raised its position in BlackRock MuniYield Fund by 8.6% during the fourth quarter. NewEdge Advisors LLC now owns 25,826 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 2,039 shares in the last quarter. 33.77% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Stock Down 0.5%

Shares of MYD opened at $10.06 on Monday. The firm’s 50 day moving average price is $9.99 and its 200 day moving average price is $10.24. BlackRock MuniYield Fund, Inc. has a twelve month low of $9.65 and a twelve month high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

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

BlackRock MuniYield Fund Company 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.