Transcend Capital Advisors LLC Buys 2,000 Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Transcend Capital Advisors LLC raised its position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 13.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,000 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the quarter. Transcend Capital Advisors LLC’s holdings in BlackRock MuniYield Fund were worth $184,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in shares of BlackRock MuniYield Fund in the fourth quarter valued at $69,000. Weiss Asset Management LP purchased a new stake in BlackRock MuniYield Fund in the 4th quarter worth approximately $141,000. Aristides Capital LLC acquired a new stake in BlackRock MuniYield Fund in the fourth quarter valued at approximately $155,000. Mackay Shields LLC purchased a new stake in BlackRock MuniYield Fund during the 4th quarter worth approximately $199,000. Finally, Summit Trail Advisors LLC purchased a new stake in BlackRock MuniYield Fund during the 1st quarter valued at about $292,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Down 0.8 %

MYD traded down $0.09 during trading hours on Monday, reaching $11.05. The company’s stock had a trading volume of 69,579 shares, compared to its average volume of 176,882. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $8.76 and a fifty-two week high of $11.30. The business’s 50-day moving average is $10.82 and its 200-day moving average is $10.84.

BlackRock MuniYield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be paid a dividend of $0.0525 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.70%.

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.