Raymond James Financial Inc. Buys New Shares in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Raymond James Financial Inc. purchased a new stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 120,266 shares of the financial services provider’s stock, valued at approximately $1,250,000. Raymond James Financial Inc. owned 0.26% of BlackRock MuniYield Fund as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MYD. Van ECK Associates Corp increased its stake in shares of BlackRock MuniYield Fund by 6.5% in the fourth quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider’s stock valued at $3,612,000 after buying an additional 21,337 shares in the last quarter. Mariner Investment Group LLC bought a new stake in BlackRock MuniYield Fund during the 4th quarter worth approximately $527,000. RFG Advisory LLC acquired a new stake in BlackRock MuniYield Fund during the 4th quarter worth approximately $278,000. Sanctuary Advisors LLC increased its position in shares of BlackRock MuniYield Fund by 10.2% during the third quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of BlackRock MuniYield Fund during the third quarter worth $230,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Stock Performance

MYD opened at $10.60 on Thursday. The stock’s fifty day simple moving average is $10.69 and its 200 day simple moving average is $10.95. BlackRock MuniYield Fund, Inc. has a 1-year low of $10.27 and a 1-year high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend was Friday, March 14th.

BlackRock MuniYield Fund 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.