Blackrock Muniyield Insured Fund (NYSE:MYI) Stock Price Passes Above 200 Day Moving Average of $13.48

Blackrock Muniyield Insured Fund Inc. (NYSE:MYI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.48 and traded as high as $13.85. Blackrock Muniyield Insured Fund shares last traded at $13.85, with a volume of 5,575 shares.

The firm has a 50 day moving average of $13.58 and a 200-day moving average of $13.48.

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0445 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $0.53 annualized dividend and a yield of 3.85%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Karpus Management Inc. boosted its position in Blackrock Muniyield Insured Fund by 18.5% during the 3rd quarter. Karpus Management Inc. now owns 5,334,775 shares of the investment management company’s stock valued at $72,393,000 after acquiring an additional 832,740 shares in the last quarter. Rivernorth Capital Management LLC boosted its position in Blackrock Muniyield Insured Fund by 194.5% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,011,650 shares of the investment management company’s stock valued at $27,298,000 after acquiring an additional 1,328,481 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Blackrock Muniyield Insured Fund by 8.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,298,707 shares of the investment management company’s stock valued at $17,623,000 after acquiring an additional 104,402 shares in the last quarter. Robinson Capital Management LLC boosted its position in Blackrock Muniyield Insured Fund by 13.1% during the 3rd quarter. Robinson Capital Management LLC now owns 1,182,470 shares of the investment management company’s stock valued at $16,070,000 after acquiring an additional 136,951 shares in the last quarter. Finally, Morgan Stanley boosted its position in Blackrock Muniyield Insured Fund by 2.6% during the 2nd quarter. Morgan Stanley now owns 968,275 shares of the investment management company’s stock valued at $12,781,000 after acquiring an additional 24,887 shares in the last quarter. 26.28% of the stock is currently owned by institutional investors and hedge funds.

Blackrock Muniyield Insured Fund Company Profile (NYSE:MYI)

BlackRock MuniYield Quality Fund III, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.

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