Bank of America Corp DE Has $2.68 Million Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Bank of America Corp DE raised its position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,004 shares of the financial services provider's stock after purchasing an additional 39,001 shares during the period. Bank of America Corp DE owned approximately 0.55% of BlackRock MuniYield Fund worth $2,681,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Tanglewood Legacy Advisors LLC acquired a new position in shares of BlackRock MuniYield Fund during the fourth quarter worth $47,000. Avidian Wealth Enterprises LLC acquired a new stake in BlackRock MuniYield Fund in the fourth quarter valued at $105,000. Independent Advisor Alliance acquired a new stake in BlackRock MuniYield Fund in the fourth quarter valued at $120,000. Wolverine Asset Management LLC increased its holdings in BlackRock MuniYield Fund by 740.0% in the fourth quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 10,360 shares during the period. Finally, Choreo LLC increased its holdings in BlackRock MuniYield Fund by 8.5% in the fourth quarter. Choreo LLC now owns 12,738 shares of the financial services provider's stock valued at $132,000 after purchasing an additional 994 shares during the period. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Stock Performance

NYSE MYD traded up $0.01 on Thursday, reaching $10.02. The company had a trading volume of 151,290 shares, compared to its average volume of 144,748. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $11.74. The business has a 50 day moving average of $10.12 and a two-hundred day moving average of $10.54.

BlackRock MuniYield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.0545 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.65 dividend on an annualized basis and a yield of 6.53%.

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.