BlackRock MuniYield Fund, Inc. (NYSE:MYD) Position Reduced by Fiera Capital Corp

Fiera Capital Corp cut its position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 284,782 shares of the financial services provider’s stock after selling 18,257 shares during the quarter. Fiera Capital Corp’s holdings in BlackRock MuniYield Fund were worth $3,004,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Capital Investment Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund in the first quarter worth approximately $111,000. XTX Topco Ltd purchased a new stake in shares of BlackRock MuniYield Fund in the fourth quarter worth approximately $139,000. Elequin Capital LP purchased a new stake in shares of BlackRock MuniYield Fund in the fourth quarter worth approximately $141,000. Avior Wealth Management LLC lifted its position in shares of BlackRock MuniYield Fund by 43.4% in the first quarter. Avior Wealth Management LLC now owns 14,488 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 4,386 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in shares of BlackRock MuniYield Fund by 113.0% in the first quarter. Montag A & Associates Inc. now owns 14,939 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 7,926 shares in the last quarter. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Price Performance

NYSE MYD opened at $9.85 on Thursday. The company has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $10.29. BlackRock MuniYield Fund, Inc. has a 52-week low of $9.65 and a 52-week high of $11.74.

BlackRock MuniYield Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date of this dividend is Tuesday, July 15th.

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.