52,905 Shares in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 52,905 shares of the financial services provider’s stock, valued at approximately $605,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Congress Park Capital LLC raised its position in shares of BlackRock MuniYield Fund by 8.8% during the 3rd quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider’s stock valued at $9,030,000 after acquiring an additional 64,000 shares during the last quarter. Van ECK Associates Corp raised its position in shares of BlackRock MuniYield Fund by 3.0% during the 1st quarter. Van ECK Associates Corp now owns 351,725 shares of the financial services provider’s stock valued at $3,890,000 after acquiring an additional 10,304 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of BlackRock MuniYield Fund during the 2nd quarter valued at $1,492,000. Freestone Capital Holdings LLC raised its position in shares of BlackRock MuniYield Fund by 3.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 51,500 shares of the financial services provider’s stock valued at $570,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of BlackRock MuniYield Fund by 82.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 39,406 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 17,845 shares during the last quarter. Institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Down 0.2 %

Shares of BlackRock MuniYield Fund stock opened at $11.01 on Thursday. The firm has a fifty day moving average of $11.38 and a two-hundred day moving average of $11.02. BlackRock MuniYield Fund, Inc. has a 52 week low of $8.92 and a 52 week high of $11.74.

BlackRock MuniYield Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0545 per share. This is a boost from BlackRock MuniYield Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.65 annualized dividend and a dividend yield of 5.94%.

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.