Raymond James Financial Inc. purchased a new position in BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 120,266 shares of the financial services provider's stock, valued at approximately $1,250,000. Raymond James Financial Inc. owned 0.26% of BlackRock MuniYield Fund at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in BlackRock MuniYield Fund by 4.7% during the fourth quarter. Bank of Montreal Can now owns 21,386 shares of the financial services provider's stock worth $222,000 after purchasing an additional 953 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock MuniYield Fund during the 4th quarter worth about $309,000. LPL Financial LLC increased its position in shares of BlackRock MuniYield Fund by 54.7% during the fourth quarter. LPL Financial LLC now owns 249,227 shares of the financial services provider's stock worth $2,589,000 after acquiring an additional 88,118 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of BlackRock MuniYield Fund by 30.4% during the fourth 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 acquired a new position in shares of BlackRock MuniYield Fund during the fourth quarter valued at $937,000. 33.77% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniYield Fund Trading Up 0.6 %
NYSE:MYD traded up $0.06 on Friday, hitting $10.33. 16,548 shares of the company's stock traded hands, compared to its average volume of 147,116. The firm has a 50-day moving average price of $10.31 and a 200-day moving average price of $10.69. BlackRock MuniYield Fund, Inc. has a 1 year low of $9.65 and a 1 year high of $11.74.
BlackRock MuniYield Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.0545 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.65 annualized dividend and a dividend yield of 6.33%.
About BlackRock MuniYield Fund
(
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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