Rareview Capital LLC Buys 98,897 Shares of BlackRock MuniYield Fund, Inc. $MYD

Rareview Capital LLC raised its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 98.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 199,334 shares of the financial services provider’s stock after purchasing an additional 98,897 shares during the period. BlackRock MuniYield Fund accounts for about 1.3% of Rareview Capital LLC’s investment portfolio, making the stock its 24th biggest holding. Rareview Capital LLC’s holdings in BlackRock MuniYield Fund were worth $2,001,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can lifted its stake in shares of BlackRock MuniYield Fund by 5.3% during the 2nd quarter. Bank of Montreal Can now owns 22,663 shares of the financial services provider’s stock valued at $228,000 after buying an additional 1,145 shares in the last quarter. Intellectus Partners LLC lifted its stake in shares of BlackRock MuniYield Fund by 2.4% during the 2nd quarter. Intellectus Partners LLC now owns 129,500 shares of the financial services provider’s stock valued at $1,307,000 after buying an additional 3,000 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in shares of BlackRock MuniYield Fund by 244.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 95,997 shares of the financial services provider’s stock valued at $964,000 after buying an additional 68,090 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of BlackRock MuniYield Fund during the 2nd quarter valued at $1,721,000. Finally, Pettinga Financial Advisors LLC lifted its stake in shares of BlackRock MuniYield Fund by 85.8% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 30,060 shares of the financial services provider’s stock valued at $302,000 after buying an additional 13,880 shares in the last quarter. Institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

MYD opened at $10.53 on Tuesday. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $11.55. The firm’s fifty day moving average is $10.49 and its 200 day moving average is $10.19.

BlackRock MuniYield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.0545 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, November 14th.

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.