City of London Investment Management Co. Ltd. Has $4.15 Million Stake in BlackRock MuniYield Fund, Inc. $MYD

City of London Investment Management Co. Ltd. reduced its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 12.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 413,320 shares of the financial services provider’s stock after selling 60,619 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in BlackRock MuniYield Fund were worth $4,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MYD. Mackay Shields LLC increased its position in shares of BlackRock MuniYield Fund by 33.4% during the 2nd quarter. Mackay Shields LLC now owns 744,760 shares of the financial services provider’s stock worth $7,477,000 after purchasing an additional 186,551 shares in the last quarter. LPL Financial LLC grew its stake in BlackRock MuniYield Fund by 6.0% during the first quarter. LPL Financial LLC now owns 264,157 shares of the financial services provider’s stock worth $2,787,000 after buying an additional 14,930 shares during the last quarter. Sit Investment Associates Inc. grew its stake in BlackRock MuniYield Fund by 31.2% during the first quarter. Sit Investment Associates Inc. now owns 241,479 shares of the financial services provider’s stock worth $2,548,000 after buying an additional 57,379 shares during the last quarter. Rareview Capital LLC increased 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 worth $2,001,000 after buying an additional 98,897 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in shares of BlackRock MuniYield Fund in the second quarter valued at approximately $1,721,000. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

NYSE MYD opened at $10.55 on Friday. The stock’s 50 day simple moving average is $10.58 and its 200 day simple moving average is $10.23. BlackRock MuniYield Fund, Inc. has a one year low of $9.65 and a one year high of $11.55.

BlackRock MuniYield Fund Dividend Announcement

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