Van ECK Associates Corp Reduces Stock Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Van ECK Associates Corp trimmed its position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 326,305 shares of the financial services provider’s stock after selling 13,858 shares during the quarter. Van ECK Associates Corp owned about 0.70% of BlackRock MuniYield Fund worth $3,681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. J.W. Cole Advisors Inc. acquired a new position in shares of BlackRock MuniYield Fund in the 3rd quarter valued at about $605,000. Private Advisor Group LLC purchased a new position in BlackRock MuniYield Fund during the third quarter valued at approximately $138,000. Congress Park Capital LLC boosted its position in BlackRock MuniYield Fund by 8.8% in the 3rd 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniYield Fund during the 2nd quarter worth approximately $206,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of BlackRock MuniYield Fund by 2,293.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Up 1.1 %

MYD opened at $11.25 on Friday. The firm has a fifty day moving average price of $11.36 and a 200 day moving average price of $11.04. BlackRock MuniYield Fund, Inc. has a 1 year low of $9.49 and a 1 year high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.0545 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a yield of 5.81%.

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.