Sanctuary Advisors LLC Acquires Shares of 19,528 BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Sanctuary Advisors LLC acquired a new stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,528 shares of the financial services provider’s stock, valued at approximately $206,000.

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

BlackRock MuniYield Fund Stock Performance

MYD opened at $11.62 on Monday. BlackRock MuniYield Fund, Inc. has a twelve month low of $8.76 and a twelve month high of $11.74. The firm’s 50-day moving average price is $11.37 and its 200 day moving average price is $11.00.

BlackRock MuniYield Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0545 per share. The ex-dividend date is Tuesday, October 15th. This is a positive change from BlackRock MuniYield Fund’s previous monthly dividend of $0.05. This represents a $0.65 dividend on an annualized basis and a yield of 5.63%.

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.