13,362 Shares in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Acquired by Choreo LLC

Choreo LLC purchased a new stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 13,362 shares of the financial services provider’s stock, valued at approximately $144,000.

A number of other large investors also recently made changes to their positions in MYD. Congress Park Capital LLC increased its stake in BlackRock MuniYield Fund by 43.0% in the first quarter. Congress Park Capital LLC now owns 643,385 shares of the financial services provider’s stock valued at $7,116,000 after purchasing an additional 193,385 shares during the last quarter. Rothschild Investment LLC purchased a new stake in BlackRock MuniYield Fund in the 2nd quarter valued at about $1,492,000. Van ECK Associates Corp increased its stake in shares of BlackRock MuniYield Fund by 3.0% during the 1st quarter. Van ECK Associates Corp now owns 351,725 shares of the financial services provider’s stock valued at $3,890,000 after acquiring an additional 10,304 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniYield Fund during the 2nd quarter worth about $42,000. Finally, Weiss Asset Management LP acquired a new stake in shares of BlackRock MuniYield Fund in the fourth quarter worth approximately $141,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

BlackRock MuniYield Fund stock opened at $11.57 on Friday. BlackRock MuniYield Fund, Inc. has a 1 year low of $8.76 and a 1 year high of $11.74. The firm has a 50 day moving average price of $11.16 and a 200 day moving average price of $10.94.

BlackRock MuniYield Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.0545 per share. The ex-dividend date is Tuesday, October 15th. This is a boost from BlackRock MuniYield Fund’s previous monthly dividend of $0.05. This represents a $0.65 annualized dividend and a dividend yield of 5.65%.

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.