Atala Financial Inc Acquires Shares of 90,165 BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Atala Financial Inc bought a new position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 90,165 shares of the financial services provider’s stock, valued at approximately $937,000.

A number of other hedge funds have also modified their holdings of MYD. Intellectus Partners LLC boosted its position in BlackRock MuniYield Fund by 10.1% during the third quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider’s stock worth $872,000 after acquiring an additional 7,000 shares during the last quarter. Virtu Financial LLC purchased a new position in BlackRock MuniYield Fund in the 3rd quarter worth approximately $230,000. Sanctuary Advisors LLC boosted its holdings in shares of BlackRock MuniYield Fund by 10.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 2,000 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund in the fourth quarter valued at approximately $110,000. Finally, RFG Advisory LLC acquired a new stake in shares of BlackRock MuniYield Fund in the fourth quarter valued at approximately $278,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Trading Down 0.5 %

Shares of BlackRock MuniYield Fund stock opened at $10.60 on Friday. The business’s 50 day moving average price is $10.70 and its 200 day moving average price is $11.03. BlackRock MuniYield Fund, Inc. has a one year low of $10.27 and a one year high of $11.74.

BlackRock MuniYield Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0545 per share. The ex-dividend date is Friday, March 14th. This represents a $0.65 annualized dividend and a dividend yield of 6.17%.

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.