Atala Financial Inc Makes New Investment in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Atala Financial Inc bought a new stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 90,165 shares of the financial services provider’s stock, valued at approximately $937,000. Atala Financial Inc owned 0.19% of BlackRock MuniYield Fund as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Intellectus Partners LLC boosted its position in BlackRock MuniYield Fund by 10.1% during the third quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider’s stock worth $872,000 after purchasing an additional 7,000 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of BlackRock MuniYield Fund during the 3rd quarter worth approximately $230,000. Sanctuary Advisors LLC lifted its position in shares of BlackRock MuniYield Fund by 10.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider’s stock valued at $240,000 after buying an additional 2,000 shares in the last quarter. Simon Quick Advisors LLC acquired a new stake in BlackRock MuniYield Fund in the 4th quarter valued at $110,000. Finally, RFG Advisory LLC purchased a new stake in BlackRock MuniYield Fund in the 4th quarter worth $278,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Stock Performance

NYSE:MYD opened at $10.60 on Friday. The company has a fifty day moving average of $10.70 and a two-hundred day moving average of $11.03. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $10.27 and a fifty-two week high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend is Friday, March 14th.

About BlackRock MuniYield Fund

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.