BlackRock MuniYield Fund (NYSE:MYD) Shares Cross Below Fifty Day Moving Average of $11.00

Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.00 and traded as low as $10.64. BlackRock MuniYield Fund shares last traded at $10.71, with a volume of 98,070 shares traded.

BlackRock MuniYield Fund Stock Down 0.8 %

The company’s 50 day moving average price is $11.00 and its 200 day moving average price is $10.40.

BlackRock MuniYield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.0525 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.92%.

Hedge Funds Weigh In On BlackRock MuniYield Fund

A number of large investors have recently made changes to their positions in the stock. Morgan Stanley increased its holdings in shares of BlackRock MuniYield Fund by 32.2% in the 4th quarter. Morgan Stanley now owns 2,064,779 shares of the financial services provider’s stock valued at $21,494,000 after purchasing an additional 503,412 shares in the last quarter. Pathstone Holdings LLC purchased a new position in BlackRock MuniYield Fund during the 4th quarter valued at about $12,396,000. Congress Park Capital LLC increased its holdings in BlackRock MuniYield Fund by 43.0% during the 1st quarter. Congress Park Capital LLC now owns 643,385 shares of the financial services provider’s stock valued at $7,116,000 after acquiring an additional 193,385 shares in the last quarter. Fiera Capital Corp increased its holdings in BlackRock MuniYield Fund by 13.5% during the 4th quarter. Fiera Capital Corp now owns 594,322 shares of the financial services provider’s stock valued at $6,407,000 after acquiring an additional 70,572 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in BlackRock MuniYield Fund by 11.5% during the 1st quarter. Guggenheim Capital LLC now owns 560,979 shares of the financial services provider’s stock valued at $7,085,000 after acquiring an additional 57,646 shares in the last quarter. Hedge funds and other institutional investors own 33.77% of the company’s stock.

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.