BlackRock MuniYield Fund (NYSE:MYD) Shares Cross Below 50-Day Moving Average – Time to Sell?

Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.84 and traded as low as $10.54. BlackRock MuniYield Fund shares last traded at $10.63, with a volume of 124,260 shares changing hands.

BlackRock MuniYield Fund Stock Up 0.6 %

The company has a fifty day moving average of $10.84 and a two-hundred day moving average of $11.09.

BlackRock MuniYield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Trading of BlackRock MuniYield Fund

Large investors have recently modified their holdings of the company. Sanctuary Advisors LLC boosted its holdings in BlackRock MuniYield Fund by 10.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 2,000 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of BlackRock MuniYield Fund by 2,293.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider’s stock valued at $29,000 after buying an additional 2,500 shares during the last quarter. Intellectus Partners LLC lifted its stake in shares of 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 valued at $872,000 after buying an additional 7,000 shares during the period. Simon Quick Advisors LLC acquired a new stake in BlackRock MuniYield Fund during the fourth quarter worth about $110,000. Finally, Private Advisor Group LLC bought a new position in BlackRock MuniYield Fund during the third quarter valued at about $138,000. 33.77% of the stock is owned by institutional investors.

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.