Rothschild Investment LLC Reduces Stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Rothschild Investment LLC reduced its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 2.2% in the fourth quarter, Holdings Channel reports. The fund owned 130,400 shares of the financial services provider’s stock after selling 3,000 shares during the quarter. Rothschild Investment LLC’s holdings in BlackRock MuniYield Fund were worth $1,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MYD. Tanglewood Legacy Advisors LLC purchased a new position in BlackRock MuniYield Fund in the fourth quarter valued at approximately $47,000. Avidian Wealth Enterprises LLC bought a new stake in shares of BlackRock MuniYield Fund in the fourth quarter valued at $105,000. Simon Quick Advisors LLC purchased a new position in shares of BlackRock MuniYield Fund during the 4th quarter valued at $110,000. Wolverine Asset Management LLC grew its stake in shares of BlackRock MuniYield Fund by 740.0% during the 4th quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 10,360 shares during the period. Finally, Choreo LLC increased its holdings in BlackRock MuniYield Fund by 8.5% in the 4th quarter. Choreo LLC now owns 12,738 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 994 shares during the last quarter. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

Shares of BlackRock MuniYield Fund stock opened at $10.77 on Tuesday. BlackRock MuniYield Fund, Inc. has a 52-week low of $10.27 and a 52-week high of $11.74. The stock’s 50-day simple moving average is $10.63 and its 200 day simple moving average is $11.06.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.0545 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date is Friday, February 14th.

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.