BlackRock MuniYield Fund, Inc. (NYSE:MYD) is Rivernorth Capital Management LLC’s 9th Largest Position

Rivernorth Capital Management LLC decreased its position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 6.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,197,313 shares of the financial services provider’s stock after selling 293,756 shares during the period. BlackRock MuniYield Fund makes up about 2.3% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Rivernorth Capital Management LLC owned 0.09% of BlackRock MuniYield Fund worth $47,975,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC purchased a new position in shares of BlackRock MuniYield Fund during the 3rd quarter valued at approximately $138,000. Rothschild Investment LLC bought a new position in BlackRock MuniYield Fund during the 2nd quarter valued at $1,492,000. J.W. Cole Advisors Inc. bought a new stake in shares of BlackRock MuniYield Fund in the 3rd quarter worth about $605,000. Congress Park Capital LLC increased its position in shares of BlackRock MuniYield Fund by 8.8% in the 3rd quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider’s stock worth $9,030,000 after purchasing an additional 64,000 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniYield Fund in the 2nd quarter valued at about $206,000. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Down 1.0 %

NYSE:MYD opened at $11.16 on Friday. BlackRock MuniYield Fund, Inc. has a one year low of $10.35 and a one year high of $11.74. The stock has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $11.13.

BlackRock MuniYield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.0545 per share. This represents a $0.65 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Monday, December 16th.

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.