BlackRock MuniYield Fund, Inc. (NYSE:MYD) Shares Sold by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. cut its holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 15.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,140 shares of the financial services provider’s stock after selling 10,731 shares during the quarter. City of London Investment Management Co. Ltd. owned about 0.13% of BlackRock MuniYield Fund worth $653,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Park Capital LLC increased its position in BlackRock MuniYield Fund by 12.8% in the 2nd quarter. Congress Park Capital LLC now owns 726,000 shares of the financial services provider’s stock valued at $7,877,000 after acquiring an additional 82,615 shares during the period. Van ECK Associates Corp raised its stake in shares of BlackRock MuniYield Fund by 3.0% during the first quarter. Van ECK Associates Corp now owns 351,725 shares of the financial services provider’s stock worth $3,890,000 after purchasing an additional 10,304 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of BlackRock MuniYield Fund during the second quarter worth $1,492,000. Freestone Capital Holdings LLC grew its position in BlackRock MuniYield Fund by 3.0% in the 1st quarter. Freestone Capital Holdings LLC now owns 51,500 shares of the financial services provider’s stock valued at $570,000 after buying an additional 1,500 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in BlackRock MuniYield Fund by 82.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 39,406 shares of the financial services provider’s stock valued at $428,000 after buying an additional 17,845 shares during the last quarter. 33.77% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Stock Performance

Shares of BlackRock MuniYield Fund stock opened at $11.55 on Monday. BlackRock MuniYield Fund, Inc. has a one year low of $8.76 and a one year high of $11.74. The firm has a fifty day moving average of $11.10 and a two-hundred day moving average of $10.92.

BlackRock MuniYield Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.0545 dividend. The ex-dividend date is Tuesday, October 15th. This is an increase from BlackRock MuniYield Fund’s previous dividend of $0.05.

BlackRock MuniYield Fund Company 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.