Wells Fargo & Company MN Trims Holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Wells Fargo & Company MN lowered its position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 11.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 197,056 shares of the financial services provider’s stock after selling 25,994 shares during the quarter. Wells Fargo & Company MN’s holdings in BlackRock MuniYield Fund were worth $2,047,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Tanglewood Legacy Advisors LLC purchased a new stake in BlackRock MuniYield Fund in the fourth quarter valued at approximately $47,000. Avidian Wealth Enterprises LLC acquired a new position in BlackRock MuniYield Fund in the fourth quarter valued at $105,000. Simon Quick Advisors LLC purchased a new position in BlackRock MuniYield Fund during the 4th quarter worth approximately $110,000. Independent Advisor Alliance acquired a new position in shares of BlackRock MuniYield Fund in the 4th quarter valued at $120,000. Finally, Wolverine Asset Management LLC boosted its stake in shares of BlackRock MuniYield Fund by 740.0% during the fourth quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider’s stock worth $122,000 after buying an additional 10,360 shares during the period. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

BlackRock MuniYield Fund stock opened at $10.12 on Friday. BlackRock MuniYield Fund, Inc. has a 12 month low of $9.65 and a 12 month high of $11.74. The business has a 50 day simple moving average of $10.42 and a 200-day simple moving average of $10.77.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Tuesday, April 15th.

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.