Elequin Capital LP Makes New Investment in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Elequin Capital LP purchased a new position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,603 shares of the financial services provider’s stock, valued at approximately $141,000.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can grew its holdings in shares of BlackRock MuniYield Fund by 4.7% during the fourth quarter. Bank of Montreal Can now owns 21,386 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 953 shares during the last quarter. Choreo LLC boosted its position in shares of BlackRock MuniYield Fund by 8.5% in the 4th quarter. Choreo LLC now owns 12,738 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 994 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of BlackRock MuniYield Fund by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 37,768 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 1,040 shares during the period. Nuveen Asset Management LLC increased its holdings in BlackRock MuniYield Fund by 6.7% in the fourth quarter. Nuveen Asset Management LLC now owns 31,861 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 2,000 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in BlackRock MuniYield Fund by 8.6% in the fourth quarter. NewEdge Advisors LLC now owns 25,826 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 2,039 shares during the last quarter. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

BlackRock MuniYield Fund stock opened at $10.17 on Wednesday. The business has a 50-day moving average of $10.24 and a 200-day moving average of $10.64. 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 firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.0545 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.65 dividend on an annualized basis and a yield of 6.43%.

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.