Logan Stone Capital LLC Buys New Shares in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Logan Stone Capital LLC purchased a new position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 98,084 shares of the financial services provider’s stock, valued at approximately $1,019,000.

A number of other institutional investors also recently bought and sold shares of MYD. Raymond James Financial Inc. purchased a new stake in BlackRock MuniYield Fund during the 4th quarter worth about $1,250,000. Atala Financial Inc purchased a new stake in BlackRock MuniYield Fund during the 4th quarter worth about $937,000. LPL Financial LLC lifted its holdings in BlackRock MuniYield Fund by 54.7% during the 4th quarter. LPL Financial LLC now owns 249,227 shares of the financial services provider’s stock worth $2,589,000 after buying an additional 88,118 shares during the last quarter. Mariner Investment Group LLC purchased a new stake in BlackRock MuniYield Fund during the 4th quarter worth about $527,000. Finally, Guggenheim Capital LLC lifted its holdings in BlackRock MuniYield Fund by 4.2% during the 4th quarter. Guggenheim Capital LLC now owns 1,107,224 shares of the financial services provider’s stock worth $11,504,000 after buying an additional 44,598 shares during the last quarter. 33.77% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Stock Up 0.6%

Shares of NYSE MYD opened at $10.33 on Monday. The business has a 50-day moving average of $10.30 and a two-hundred day moving average of $10.67. BlackRock MuniYield Fund, Inc. has a 1 year low of $9.65 and a 1 year high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.0545 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Thursday, May 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.