Van ECK Associates Corp Has $3.61 Million Holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Van ECK Associates Corp lifted its holdings in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 6.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 347,642 shares of the financial services provider’s stock after acquiring an additional 21,337 shares during the quarter. Van ECK Associates Corp’s holdings in BlackRock MuniYield Fund were worth $3,612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Private Advisor Group LLC acquired a new position in shares of BlackRock MuniYield Fund in the 3rd quarter valued at about $138,000. J.W. Cole Advisors Inc. bought a new position in BlackRock MuniYield Fund in the 3rd quarter valued at $605,000. Intellectus Partners LLC raised its holdings in shares of BlackRock MuniYield Fund by 10.1% in the 3rd 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. Virtu Financial LLC purchased a new stake in BlackRock MuniYield Fund in the 3rd quarter worth about $230,000. Finally, 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 worth $240,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

NYSE:MYD opened at $10.79 on Thursday. The business’s fifty day moving average is $10.65 and its 200 day moving average is $11.07. BlackRock MuniYield Fund, Inc. has a 52-week low of $10.27 and a 52-week high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.0545 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 annualized dividend and a dividend yield of 6.06%.

BlackRock MuniYield Fund 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.