BlackRock MuniYield Fund, Inc. (NYSE:MYD) Stock Position Raised by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 2,293.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,609 shares of the financial services provider’s stock after acquiring an additional 2,500 shares during the period. EverSource Wealth Advisors LLC’s holdings in BlackRock MuniYield Fund were worth $29,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MYD. Choreo LLC bought a new stake in shares of BlackRock MuniYield Fund in the 2nd quarter worth approximately $144,000. Blue Bell Private Wealth Management LLC bought a new stake in BlackRock MuniYield Fund in the second quarter valued at $25,000. Wolverine Asset Management LLC acquired a new position in shares of BlackRock MuniYield Fund during the second quarter valued at $42,000. Commonwealth Equity Services LLC grew its position in shares of BlackRock MuniYield Fund by 82.8% during the second quarter. Commonwealth Equity Services LLC now owns 39,406 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 17,845 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of BlackRock MuniYield Fund in the 2nd quarter worth about $1,492,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Price Performance

BlackRock MuniYield Fund stock opened at $11.41 on Friday. The firm has a 50-day moving average price of $11.22 and a two-hundred day moving average price of $10.95. BlackRock MuniYield Fund, Inc. has a 52-week low of $8.76 and a 52-week high of $11.74.

BlackRock MuniYield Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.73%. This is a positive change from BlackRock MuniYield Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th.

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.