Invesco Ltd. lessened its position in BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 31.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 73,702 shares of the financial services provider's stock after selling 33,865 shares during the period. Invesco Ltd. owned approximately 0.16% of BlackRock MuniYield Fund worth $766,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can increased its stake in BlackRock MuniYield Fund by 4.7% in the 4th quarter. Bank of Montreal Can now owns 21,386 shares of the financial services provider's stock valued at $222,000 after buying an additional 953 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in BlackRock MuniYield Fund in the 4th quarter valued at $309,000. LPL Financial LLC grew its stake in BlackRock MuniYield Fund by 54.7% in the 4th quarter. LPL Financial LLC now owns 249,227 shares of the financial services provider's stock valued at $2,589,000 after purchasing an additional 88,118 shares during the period. Corient Private Wealth LLC raised its stake in shares of BlackRock MuniYield Fund by 30.4% during the 4th quarter. Corient Private Wealth LLC now owns 15,953 shares of the financial services provider's stock worth $166,000 after purchasing an additional 3,723 shares during the period. Finally, Atala Financial Inc purchased a new position in shares of BlackRock MuniYield Fund in the 4th quarter worth about $937,000. Institutional investors own 33.77% of the company's stock.
BlackRock MuniYield Fund Stock Performance
NYSE MYD traded up $0.03 during trading hours on Thursday, reaching $10.27. 9,298 shares of the company were exchanged, compared to its average volume of 130,726. BlackRock MuniYield Fund, Inc. has a 1 year low of $9.65 and a 1 year high of $11.74. The business's 50 day simple moving average is $10.32 and its 200-day simple moving average is $10.70.
BlackRock MuniYield Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.0545 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.65 annualized dividend and a yield of 6.37%.
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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