Commonwealth Equity Services LLC Has $428,000 Stock Holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Commonwealth Equity Services LLC grew its position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 82.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,406 shares of the financial services provider’s stock after purchasing an additional 17,845 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.08% of BlackRock MuniYield Fund worth $428,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MYD. Congress Park Capital LLC lifted its position in BlackRock MuniYield Fund by 12.8% during the 2nd quarter. Congress Park Capital LLC now owns 726,000 shares of the financial services provider’s stock worth $7,877,000 after buying an additional 82,615 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of BlackRock MuniYield Fund by 3.0% in 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 buying an additional 10,304 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of BlackRock MuniYield Fund in the 2nd quarter valued at approximately $1,492,000. Freestone Capital Holdings LLC lifted its holdings in BlackRock MuniYield Fund by 3.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 51,500 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Ackerman Capital Advisors LLC bought a new position in BlackRock MuniYield Fund during the 2nd quarter worth $228,000. Institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Up 0.2 %

BlackRock MuniYield Fund stock opened at $11.57 on Friday. BlackRock MuniYield Fund, Inc. has a 12-month low of $8.76 and a 12-month high of $11.74. The business’s 50-day moving average price is $11.16 and its two-hundred day moving average price is $10.94.

BlackRock MuniYield Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0545 per share. This is an increase from BlackRock MuniYield Fund’s previous monthly dividend of $0.05. The ex-dividend date is Tuesday, October 15th. 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.