BlackRock MuniYield Fund (NYSE:MYD) Sets New 1-Year High at $11.30

BlackRock MuniYield Fund, Inc. (NYSE:MYD) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.30 and last traded at $11.28, with a volume of 142850 shares changing hands. The stock had previously closed at $11.19.

BlackRock MuniYield Fund Price Performance

The company’s 50 day moving average price is $10.89 and its two-hundred day moving average price is $10.87.

BlackRock MuniYield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a $0.0525 dividend. This represents a $0.63 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend is Thursday, August 15th.

Institutional Investors Weigh In On BlackRock MuniYield Fund

Several hedge funds and other institutional investors have recently bought and sold shares of MYD. Raymond James Financial Services Advisors Inc. increased its position in shares of BlackRock MuniYield Fund by 3.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,774 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 1,169 shares during the last quarter. Freestone Capital Holdings LLC boosted its stake in shares of BlackRock MuniYield Fund by 3.0% in the first quarter. Freestone Capital Holdings LLC now owns 51,500 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 1,500 shares during the period. Fortitude Advisory Group L.L.C. boosted its stake in shares of BlackRock MuniYield Fund by 5.9% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 26,910 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 1,501 shares during the period. Transcend Capital Advisors LLC boosted its stake in shares of BlackRock MuniYield Fund by 13.3% in the second quarter. Transcend Capital Advisors LLC now owns 17,000 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 2,000 shares during the period. Finally, Blue Bell Private Wealth Management LLC purchased a new position in shares of BlackRock MuniYield Fund in the second quarter valued at approximately $25,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

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.