BlackRock MuniYield Fund, Inc. (NYSE:MYD – Get Free Report) declared a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, December 1st. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Friday, November 14th.
BlackRock MuniYield Fund Price Performance
Shares of NYSE MYD opened at $10.53 on Tuesday. The stock has a 50-day moving average price of $10.49 and a two-hundred day moving average price of $10.19. BlackRock MuniYield Fund has a 12 month low of $9.65 and a 12 month high of $11.55.
Hedge Funds Weigh In On BlackRock MuniYield Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new position in BlackRock MuniYield Fund in the 2nd quarter valued at approximately $50,000. Geneos Wealth Management Inc. raised its holdings in BlackRock MuniYield Fund by 389.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,953 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 4,737 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of BlackRock MuniYield Fund in the 2nd quarter worth approximately $119,000. Capital Investment Advisors LLC boosted its stake in shares of BlackRock MuniYield Fund by 9.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 11,525 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Fiduciary Financial Group LLC bought a new position in BlackRock MuniYield Fund during the third quarter worth $130,000. Institutional investors and hedge funds own 33.77% of the company’s stock.
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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