BlackRock MuniYield Fund, Inc. (NYSE:MYD - Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.25 and traded as low as $10.13. BlackRock MuniYield Fund shares last traded at $10.24, with a volume of 65,962 shares traded.
BlackRock MuniYield Fund Price Performance
The firm's 50-day moving average price is $10.25 and its 200-day moving average price is $10.64.
BlackRock MuniYield Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.0545 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.65 dividend on an annualized basis and a yield of 6.39%.
Institutional Investors Weigh In On BlackRock MuniYield Fund
Several institutional investors have recently made changes to their positions in MYD. Bank of Montreal Can raised its stake in shares of BlackRock MuniYield Fund by 4.7% during the 4th quarter. Bank of Montreal Can now owns 21,386 shares of the financial services provider's stock valued at $222,000 after purchasing an additional 953 shares during the period. Choreo LLC increased its position in shares of BlackRock MuniYield Fund by 8.5% during the fourth quarter. Choreo LLC now owns 12,738 shares of the financial services provider's stock valued at $132,000 after buying an additional 994 shares during the period. Cetera Investment Advisers lifted its holdings in shares of BlackRock MuniYield Fund by 2.8% in the fourth quarter. Cetera Investment Advisers now owns 37,768 shares of the financial services provider's stock worth $392,000 after buying an additional 1,040 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of BlackRock MuniYield Fund by 12.6% in the first quarter. Atria Wealth Solutions Inc. now owns 12,580 shares of the financial services provider's stock valued at $133,000 after acquiring an additional 1,410 shares during the period. Finally, Fortitude Advisory Group L.L.C. grew its stake 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. Hedge funds and other institutional investors own 33.77% of the company's stock.
BlackRock MuniYield Fund Company Profile
(
Get Free Report)
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.
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