Fiera Capital Corp lowered its holdings in shares of Blackrock Muniyield Fund Inc. (NYSE:MYD) by 27.0% in the first quarter, HoldingsChannel.com reports. The firm owned 329,255 shares of the financial services provider’s stock after selling 121,611 shares during the period. Fiera Capital Corp’s holdings in Blackrock Muniyield Fund were worth $4,590,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Affiance Financial LLC grew its holdings in Blackrock Muniyield Fund by 14.6% during the first quarter. Affiance Financial LLC now owns 150,534 shares of the financial services provider’s stock worth $2,098,000 after purchasing an additional 19,142 shares during the period. Van ECK Associates Corp grew its holdings in Blackrock Muniyield Fund by 6.4% during the fourth quarter. Van ECK Associates Corp now owns 134,427 shares of the financial services provider’s stock worth $1,683,000 after purchasing an additional 8,120 shares during the period. Cohen & Steers Inc. grew its holdings in Blackrock Muniyield Fund by 55.5% during the fourth quarter. Cohen & Steers Inc. now owns 117,859 shares of the financial services provider’s stock worth $1,476,000 after purchasing an additional 42,044 shares during the period. Ackerman Capital Advisors LLC bought a new position in Blackrock Muniyield Fund during the first quarter worth about $939,000. Finally, Raymond James & Associates grew its holdings in Blackrock Muniyield Fund by 36.5% during the first quarter. Raymond James & Associates now owns 47,108 shares of the financial services provider’s stock worth $657,000 after purchasing an additional 12,601 shares during the period. Institutional investors and hedge funds own 11.27% of the company’s stock.

Shares of MYD stock opened at $14.43 on Thursday. Blackrock Muniyield Fund Inc. has a 12-month low of $12.29 and a 12-month high of $14.55.

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.059 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.71 annualized dividend and a yield of 4.91%.

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About Blackrock Muniyield Fund

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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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).

Institutional Ownership by Quarter for Blackrock Muniyield Fund (NYSE:MYD)

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