BlackRock MuniYield Fund, Inc. (NYSE:MYD) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its holdings in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,702 shares of the financial services provider's stock after selling 33,865 shares during the quarter. Invesco Ltd. owned about 0.16% of BlackRock MuniYield Fund worth $766,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of BlackRock MuniYield Fund during the 3rd quarter valued at about $230,000. Simon Quick Advisors LLC purchased a new position in BlackRock MuniYield Fund during the fourth quarter worth about $110,000. RFG Advisory LLC acquired a new position in BlackRock MuniYield Fund in the 4th quarter valued at about $278,000. Mariner Investment Group LLC purchased a new stake in shares of BlackRock MuniYield Fund in the 4th quarter valued at approximately $527,000. Finally, Choreo LLC increased its holdings in shares of BlackRock MuniYield Fund by 8.5% during the 4th quarter. Choreo LLC now owns 12,738 shares of the financial services provider's stock worth $132,000 after buying an additional 994 shares during the last quarter. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Trading Down 0.6 %

MYD traded down $0.07 during trading hours on Wednesday, reaching $10.25. The company's stock had a trading volume of 63,625 shares, compared to its average volume of 147,468. The business's 50-day moving average is $10.34 and its 200-day moving average is $10.70. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $11.74.

BlackRock MuniYield Fund Announces Dividend

The company also recently declared 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 is Thursday, May 15th. This represents a $0.65 dividend on an annualized basis and a yield of 6.38%.

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.