Congress Park Capital LLC Trims Stock Position in BlackRock MuniYield Fund, Inc. $MYD

Congress Park Capital LLC cut its holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 38.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,000 shares of the financial services provider’s stock after selling 277,500 shares during the quarter. BlackRock MuniYield Fund makes up approximately 1.5% of Congress Park Capital LLC’s portfolio, making the stock its 21st largest holding. Congress Park Capital LLC’s holdings in BlackRock MuniYield Fund were worth $4,752,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mackay Shields LLC lifted its stake in BlackRock MuniYield Fund by 33.4% in the 2nd quarter. Mackay Shields LLC now owns 744,760 shares of the financial services provider’s stock valued at $7,477,000 after buying an additional 186,551 shares in the last quarter. Rareview Capital LLC raised its holdings in shares of BlackRock MuniYield Fund by 98.5% in the second quarter. Rareview Capital LLC now owns 199,334 shares of the financial services provider’s stock worth $2,001,000 after acquiring an additional 98,897 shares during the last quarter. Karpus Management Inc. lifted its position in shares of BlackRock MuniYield Fund by 45.0% in the second quarter. Karpus Management Inc. now owns 186,298 shares of the financial services provider’s stock valued at $1,870,000 after acquiring an additional 57,800 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of BlackRock MuniYield Fund during the second quarter valued at $1,721,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of BlackRock MuniYield Fund during the second quarter valued at $1,606,000. 33.77% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Price Performance

Shares of MYD stock opened at $10.39 on Thursday. The firm has a 50-day moving average price of $10.53 and a 200 day moving average price of $10.27. BlackRock MuniYield Fund, Inc. has a twelve month low of $9.65 and a twelve month high of $10.92.

BlackRock MuniYield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a $0.0545 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, December 22nd.

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.