BlackRock MuniYield Fund, Inc. (NYSE:MYD) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 89.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,522 shares of the financial services provider’s stock after selling 99,139 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock MuniYield Fund were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MYD. Robinson Capital Management LLC raised its holdings in shares of BlackRock MuniYield Fund by 107.1% during the fourth quarter. Robinson Capital Management LLC now owns 458,441 shares of the financial services provider’s stock worth $4,947,000 after purchasing an additional 237,121 shares during the last quarter. Congress Park Capital LLC lifted its holdings in shares of BlackRock MuniYield Fund by 50.0% in the 4th quarter. Congress Park Capital LLC now owns 450,000 shares of the financial services provider’s stock valued at $4,851,000 after buying an additional 150,000 shares during the period. Wheelhouse Advisory Group LLC purchased a new stake in shares of BlackRock MuniYield Fund in the fourth quarter worth about $844,000. Fiera Capital Corp boosted its stake in shares of BlackRock MuniYield Fund by 13.5% in the fourth quarter. Fiera Capital Corp now owns 594,322 shares of the financial services provider’s stock worth $6,407,000 after buying an additional 70,572 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew its holdings in BlackRock MuniYield Fund by 64.1% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 115,618 shares of the financial services provider’s stock worth $1,246,000 after acquiring an additional 45,144 shares during the period. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Trading Up 0.3 %

Shares of MYD stock opened at $10.83 on Friday. BlackRock MuniYield Fund, Inc. has a twelve month low of $8.76 and a twelve month high of $11.30. The stock has a 50 day moving average of $10.73 and a 200 day moving average of $10.80.

BlackRock MuniYield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.0525 per share. This represents a $0.63 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Monday, July 15th.

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.