Tanglewood Legacy Advisors LLC Buys Shares of 4,500 BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Posted by Max Byerly on Feb 16th, 2025

Tanglewood Legacy Advisors LLC bought a new stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,500 shares of the financial services provider’s stock, valued at approximately $47,000.

Several other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund during the second quarter worth approximately $206,000. Private Advisor Group LLC acquired a new position in shares of BlackRock MuniYield Fund in the 3rd quarter valued at $138,000. J.W. Cole Advisors Inc. acquired a new position in BlackRock MuniYield Fund in the third quarter valued at $605,000. Intellectus Partners LLC raised its stake in BlackRock MuniYield Fund by 10.1% during the 3rd quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider’s stock valued at $872,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of BlackRock MuniYield Fund during the third quarter worth approximately $230,000. 33.77% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Stock Performance

MYD stock opened at $10.79 on Friday. BlackRock MuniYield Fund, Inc. has a one year low of $10.27 and a one year high of $11.74. The company has a fifty day moving average of $10.68 and a 200-day moving average of $11.08.

BlackRock MuniYield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.0545 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 annualized dividend and a dividend yield of 6.06%.

About BlackRock MuniYield Fund

(Free Report)

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.