16,780 Shares in BlackRock MuniYield Fund, Inc. $MYD Bought by Prospera Financial Services Inc

Prospera Financial Services Inc bought a new stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 16,780 shares of the financial services provider’s stock, valued at approximately $168,000.

A number of other institutional investors have also recently bought and sold shares of the stock. City of London Investment Management Co. Ltd. raised its holdings in BlackRock MuniYield Fund by 251.6% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 473,939 shares of the financial services provider’s stock worth $5,000,000 after buying an additional 339,141 shares during the period. Mackay Shields LLC boosted its holdings in shares of BlackRock MuniYield Fund by 33.4% in the second quarter. Mackay Shields LLC now owns 744,760 shares of the financial services provider’s stock worth $7,477,000 after buying an additional 186,551 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of BlackRock MuniYield Fund in the second quarter worth approximately $1,721,000. Park Avenue Securities LLC purchased a new position in shares of BlackRock MuniYield Fund in the second quarter worth approximately $1,606,000. Finally, Rareview Capital LLC raised its holdings in shares of BlackRock MuniYield Fund by 98.5% during the second quarter. Rareview Capital LLC now owns 199,334 shares of the financial services provider’s stock valued at $2,001,000 after acquiring an additional 98,897 shares during the period. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

Shares of NYSE:MYD opened at $10.55 on Monday. The firm has a 50 day simple moving average of $10.58 and a 200 day simple moving average of $10.23. BlackRock MuniYield Fund, Inc. has a 52 week low of $9.65 and a 52 week high of $11.55.

BlackRock MuniYield Fund Announces Dividend

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

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.