BlackRock MuniYield Fund, Inc. (MYD) To Go Ex-Dividend on January 20th

BlackRock MuniYield Fund, Inc. (NYSE:MYD) declared a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.0545 per share by the financial services provider on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock MuniYield Fund Trading Up 0.2%

MYD stock traded up $0.03 during trading on Friday, hitting $10.66. The stock had a trading volume of 89,966 shares, compared to its average volume of 181,972. The company’s 50-day moving average price is $10.46 and its two-hundred day moving average price is $10.34. BlackRock MuniYield Fund has a twelve month low of $9.65 and a twelve month high of $10.92.

Institutional Investors Weigh In On BlackRock MuniYield Fund

A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new stake in BlackRock MuniYield Fund during the 3rd quarter valued at about $34,000. Atlantic Union Bankshares Corp purchased a new stake in shares of BlackRock MuniYield Fund in the second quarter valued at approximately $50,000. Geneos Wealth Management Inc. increased its holdings in shares of BlackRock MuniYield Fund by 389.6% in the first quarter. Geneos Wealth Management Inc. now owns 5,953 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 4,737 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in BlackRock MuniYield Fund during the third quarter worth approximately $117,000. Finally, XTX Topco Ltd acquired a new position in BlackRock MuniYield Fund during the second quarter worth $119,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniYield Fund

BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.

MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.