Hennion & Walsh Asset Management Inc. acquired a new stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 168,783 shares of the financial services provider's stock, valued at approximately $1,781,000. Hennion & Walsh Asset Management Inc. owned about 0.36% of BlackRock MuniYield Fund as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Choreo LLC boosted its stake in BlackRock MuniYield Fund by 8.5% during the 4th 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. Avidian Wealth Enterprises LLC bought a new stake in BlackRock MuniYield Fund during the 4th quarter valued at approximately $105,000. Van ECK Associates Corp boosted its stake in BlackRock MuniYield Fund by 6.5% during the 4th quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider's stock valued at $3,612,000 after purchasing an additional 21,337 shares during the period. Tanglewood Legacy Advisors LLC bought a new stake in BlackRock MuniYield Fund during the 4th quarter valued at approximately $47,000. Finally, Wolverine Asset Management LLC boosted its stake in BlackRock MuniYield Fund by 740.0% during the 4th 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. Institutional investors and hedge funds own 33.77% of the company's stock.
BlackRock MuniYield Fund Price Performance
NYSE:MYD traded down $0.06 during mid-day trading on Friday, hitting $9.93. 90,084 shares of the company's stock traded hands, compared to its average volume of 144,521. The firm has a 50 day moving average of $10.11 and a two-hundred day moving average of $10.53. BlackRock MuniYield Fund, Inc. has a 12 month low of $9.65 and a 12 month high of $11.74.
BlackRock MuniYield Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.0545 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.65 annualized dividend and a yield of 6.59%.
BlackRock MuniYield Fund Company Profile
(
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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