NewEdge Advisors LLC Buys 2,039 Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD)

NewEdge Advisors LLC boosted its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,826 shares of the financial services provider’s stock after purchasing an additional 2,039 shares during the quarter. NewEdge Advisors LLC’s holdings in BlackRock MuniYield Fund were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tanglewood Legacy Advisors LLC bought a new stake in shares of BlackRock MuniYield Fund in the 4th quarter valued at about $47,000. Avidian Wealth Enterprises LLC purchased a new stake in BlackRock MuniYield Fund during the fourth quarter valued at approximately $105,000. Simon Quick Advisors LLC acquired a new stake in BlackRock MuniYield Fund in the fourth quarter valued at approximately $110,000. Independent Advisor Alliance acquired a new position in shares of BlackRock MuniYield Fund during the fourth quarter worth $120,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of BlackRock MuniYield Fund by 740.0% during the 4th quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 10,360 shares during the last quarter. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Price Performance

BlackRock MuniYield Fund stock opened at $10.20 on Thursday. The business has a fifty day moving average price of $10.38 and a 200-day moving average price of $10.74. BlackRock MuniYield Fund, Inc. has a 1-year low of $9.65 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 Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0545 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.41%.

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.