Wells Fargo & Company MN Has $2.05 Million Stock Holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Wells Fargo & Company MN cut its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD - Free Report) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,056 shares of the financial services provider's stock after selling 25,994 shares during the period. Wells Fargo & Company MN owned approximately 0.42% of BlackRock MuniYield Fund worth $2,047,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tanglewood Legacy Advisors LLC acquired a new stake in BlackRock MuniYield Fund during the 4th quarter worth about $47,000. Avidian Wealth Enterprises LLC acquired a new stake in shares of BlackRock MuniYield Fund during the fourth quarter valued at approximately $105,000. Simon Quick Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund in the 4th quarter valued at approximately $110,000. Independent Advisor Alliance acquired a new position in BlackRock MuniYield Fund in the 4th quarter worth approximately $120,000. Finally, Wolverine Asset Management LLC grew its position in BlackRock MuniYield Fund by 740.0% during the 4th quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider's stock worth $122,000 after purchasing an additional 10,360 shares in the last quarter. 33.77% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Price Performance

Shares of MYD traded up $0.03 during mid-day trading on Thursday, reaching $10.23. The company's stock had a trading volume of 29,946 shares, compared to its average volume of 147,432. The business has a fifty day moving average of $10.38 and a 200 day moving average of $10.74. 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 firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.0545 dividend. This represents a $0.65 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend is Tuesday, April 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.