Cohen & Steers Inc. Sells 10,000 Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Cohen & Steers Inc. cut its position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 10.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 83,315 shares of the financial services provider’s stock after selling 10,000 shares during the period. Cohen & Steers Inc.’s holdings in BlackRock MuniYield Fund were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Tanglewood Legacy Advisors LLC purchased a new stake in BlackRock MuniYield Fund in the 4th quarter worth about $47,000. Avidian Wealth Enterprises LLC bought a new stake in shares of BlackRock MuniYield Fund in the fourth quarter valued at approximately $105,000. Simon Quick Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund during the 4th quarter valued at approximately $110,000. Independent Advisor Alliance bought a new position in BlackRock MuniYield Fund in the 4th quarter worth approximately $120,000. Finally, Wolverine Asset Management LLC boosted its holdings in BlackRock MuniYield Fund by 740.0% in the 4th quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider’s stock worth $122,000 after buying an additional 10,360 shares during the period. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Price Performance

Shares of MYD stock opened at $10.03 on Tuesday. The company’s fifty day simple moving average is $10.57 and its two-hundred day simple moving average is $10.85. BlackRock MuniYield Fund, Inc. has a 1 year low of $9.65 and a 1 year high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.0545 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.52%.

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.