Intellectus Partners LLC Increases Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Intellectus Partners LLC lifted its holdings in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 10.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,000 shares of the financial services provider’s stock after purchasing an additional 7,000 shares during the quarter. Intellectus Partners LLC’s holdings in BlackRock MuniYield Fund were worth $872,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC acquired a new stake in BlackRock MuniYield Fund during the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC grew its stake in shares of BlackRock MuniYield Fund by 2,293.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 2,500 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in BlackRock MuniYield Fund during the 2nd quarter worth $42,000. Pettinga Financial Advisors LLC purchased a new position in BlackRock MuniYield Fund during the second quarter worth about $125,000. Finally, Private Advisor Group LLC acquired a new stake in shares of BlackRock MuniYield Fund in the 3rd quarter valued at approximately $138,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

Shares of MYD stock opened at $11.20 on Friday. The business has a fifty day simple moving average of $11.37 and a 200-day simple moving average of $11.05. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $11.74.

BlackRock MuniYield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend is Friday, November 15th.

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.