Logan Stone Capital LLC Takes $1.02 Million Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Logan Stone Capital LLC acquired a new stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,084 shares of the financial services provider's stock, valued at approximately $1,019,000. Logan Stone Capital LLC owned 0.21% of BlackRock MuniYield Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MYD. Raymond James Financial Inc. bought a new stake in shares of BlackRock MuniYield Fund in the 4th quarter worth about $1,250,000. Atala Financial Inc purchased a new stake in shares of BlackRock MuniYield Fund during the fourth quarter valued at about $937,000. LPL Financial LLC boosted its position in shares of 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 worth $2,589,000 after purchasing an additional 88,118 shares in the last quarter. Mariner Investment Group LLC purchased a new stake in BlackRock MuniYield Fund during the 4th quarter worth approximately $527,000. Finally, Guggenheim Capital LLC increased its holdings in shares of BlackRock MuniYield Fund by 4.2% in the fourth quarter. Guggenheim Capital LLC now owns 1,107,224 shares of the financial services provider's stock valued at $11,504,000 after purchasing an additional 44,598 shares during the period. 33.77% of the stock is owned by institutional investors.

BlackRock MuniYield Fund Stock Up 0.3%

MYD stock traded up $0.03 during trading on Thursday, hitting $10.26. 80,457 shares of the company traded hands, compared to its average volume of 146,282. The stock's 50-day simple moving average is $10.27 and its 200 day simple moving average is $10.66. BlackRock MuniYield Fund, Inc. has a 1 year low of $9.65 and a 1 year high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date is Thursday, May 15th.

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.