Truist Financial Corp Trims Stock Holdings in BlackRock MuniYield Fund, Inc. $MYD

Truist Financial Corp lessened its holdings in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 18.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,138 shares of the financial services provider’s stock after selling 2,326 shares during the period. Truist Financial Corp’s holdings in BlackRock MuniYield Fund were worth $102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mackay Shields LLC grew its holdings in BlackRock MuniYield Fund by 43.6% during the first quarter. Mackay Shields LLC now owns 558,209 shares of the financial services provider’s stock worth $5,889,000 after acquiring an additional 169,456 shares during the period. City of London Investment Management Co. Ltd. grew its holdings in BlackRock MuniYield Fund by 251.6% during the first quarter. City of London Investment Management Co. Ltd. now owns 473,939 shares of the financial services provider’s stock worth $5,000,000 after acquiring an additional 339,141 shares during the period. LPL Financial LLC grew its holdings in BlackRock MuniYield Fund by 6.0% during the first quarter. LPL Financial LLC now owns 264,157 shares of the financial services provider’s stock worth $2,787,000 after acquiring an additional 14,930 shares during the period. Sit Investment Associates Inc. grew its holdings in BlackRock MuniYield Fund by 31.2% during the first quarter. Sit Investment Associates Inc. now owns 241,479 shares of the financial services provider’s stock worth $2,548,000 after acquiring an additional 57,379 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in BlackRock MuniYield Fund during the second quarter worth $1,606,000. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Down 0.6%

Shares of MYD stock opened at $10.58 on Friday. The business’s fifty day moving average price is $10.36 and its 200 day moving average price is $10.15. BlackRock MuniYield Fund, Inc. has a 1-year low of $9.65 and a 1-year high of $11.65.

BlackRock MuniYield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a $0.0545 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 6.2%.

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.