Advisors Asset Management Inc. Sells 93,728 Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Advisors Asset Management Inc. decreased its holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 64.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,193 shares of the financial services provider’s stock after selling 93,728 shares during the period. Advisors Asset Management Inc. owned about 0.11% of BlackRock MuniYield Fund worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Intellectus Partners LLC increased its stake in BlackRock MuniYield Fund by 10.1% in the third quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider’s stock worth $872,000 after purchasing an additional 7,000 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in BlackRock MuniYield Fund in the third quarter worth $605,000. Private Advisor Group LLC purchased a new stake in BlackRock MuniYield Fund in the third quarter worth $138,000. Congress Park Capital LLC increased its stake in BlackRock MuniYield Fund by 8.8% in the third quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider’s stock worth $9,030,000 after purchasing an additional 64,000 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in BlackRock MuniYield Fund in the second quarter worth $206,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Up 1.6 %

MYD stock opened at $11.35 on Thursday. The business’s fifty day simple moving average is $11.32 and its two-hundred day simple moving average is $11.08. BlackRock MuniYield Fund, Inc. has a twelve month low of $10.12 and a twelve month high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.0545 per share. The ex-dividend date is Friday, November 15th. This represents a $0.65 annualized dividend and a dividend yield of 5.76%.

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.