BlackRock MuniYield Fund, Inc. (NYSE:MYD) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 41.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,726 shares of the financial services provider’s stock after acquiring an additional 18,288 shares during the quarter. Raymond James & Associates owned 0.13% of BlackRock MuniYield Fund worth $676,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MYD. Wolverine Asset Management LLC grew its holdings in shares of BlackRock MuniYield Fund by 143.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 3,604 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 2,124 shares in the last quarter. Tanglewood Legacy Advisors LLC bought a new stake in shares of BlackRock MuniYield Fund in the 3rd quarter valued at approximately $37,000. Axxcess Wealth Management LLC bought a new position in shares of BlackRock MuniYield Fund during the third quarter valued at $92,000. Ackerman Capital Advisors LLC acquired a new position in BlackRock MuniYield Fund in the third quarter worth $100,000. Finally, Fort Point Capital Partners LLC acquired a new position in BlackRock MuniYield Fund during the 3rd quarter valued at about $105,000. 33.77% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Trading Down 0.4 %

MYD opened at $10.60 on Thursday. BlackRock MuniYield Fund, Inc. has a twelve month low of $8.76 and a twelve month high of $11.30. The firm’s fifty day moving average is $10.98 and its two-hundred day moving average is $10.45.

BlackRock MuniYield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.0525 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.63 annualized dividend and a yield of 5.94%.

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.