78,273 Shares in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Acquired by Wheelhouse Advisory Group LLC

Wheelhouse Advisory Group LLC bought a new position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the 4th quarter, HoldingsChannel.com reports. The firm bought 78,273 shares of the financial services provider’s stock, valued at approximately $844,000. BlackRock MuniYield Fund accounts for about 0.8% of Wheelhouse Advisory Group LLC’s portfolio, making the stock its 18th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Simon Quick Advisors LLC acquired a new position in BlackRock MuniYield Fund during the third quarter worth approximately $107,000. Congress Park Capital LLC increased its position in BlackRock MuniYield Fund by 50.0% during the fourth quarter. Congress Park Capital LLC now owns 450,000 shares of the financial services provider’s stock worth $4,851,000 after buying an additional 150,000 shares during the period. Advisor Partners II LLC acquired a new position in BlackRock MuniYield Fund during the third quarter worth approximately $2,521,000. Axxcess Wealth Management LLC acquired a new position in shares of BlackRock MuniYield Fund in the third quarter valued at approximately $92,000. Finally, Advisor Resource Council acquired a new position in shares of BlackRock MuniYield Fund in the fourth quarter valued at approximately $250,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Up 0.1 %

Shares of NYSE:MYD traded up $0.01 during trading on Friday, reaching $10.65. The company had a trading volume of 63,689 shares, compared to its average volume of 217,942. The stock’s fifty day moving average price is $11.00 and its 200 day moving average price is $10.41. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $8.76 and a fifty-two week high of $11.30.

BlackRock MuniYield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.0525 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date is Friday, April 12th.

BlackRock MuniYield Fund Company 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.