Raymond James Financial Inc. purchased a new position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & 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 approximately 0.26% of BlackRock MuniYield Fund as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in shares of BlackRock MuniYield Fund by 4.7% during the 4th quarter. Bank of Montreal Can now owns 21,386 shares of the financial services provider's stock worth $222,000 after buying an additional 953 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in BlackRock MuniYield Fund in the fourth quarter worth $309,000. LPL Financial LLC lifted its holdings in BlackRock MuniYield Fund by 54.7% in the fourth quarter. LPL Financial LLC now owns 249,227 shares of the financial services provider's stock valued at $2,589,000 after acquiring an additional 88,118 shares during the period. Corient Private Wealth LLC boosted its position 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 in the last quarter. Finally, Atala Financial Inc acquired a new position in shares of BlackRock MuniYield Fund during the 4th quarter worth $937,000. Institutional investors and hedge funds own 33.77% of the company's stock.
BlackRock MuniYield Fund Stock Up 1.1 %
Shares of BlackRock MuniYield Fund stock opened at $10.29 on Friday. The company has a 50-day moving average of $10.36 and a two-hundred day moving average of $10.72. 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 company also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were issued a dividend of $0.0545 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.65 annualized dividend and a yield of 6.36%.
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.
See Also
Want to see what other hedge funds are holding MYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider BlackRock MuniYield Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock MuniYield Fund wasn't on the list.
While BlackRock MuniYield Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.