18,500 Shares in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Acquired by Mackay Shields LLC

Mackay Shields LLC purchased a new position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 18,500 shares of the financial services provider’s stock, valued at approximately $199,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Fiera Capital Corp increased its holdings in BlackRock MuniYield Fund by 2.6% in the 3rd quarter. Fiera Capital Corp now owns 523,750 shares of the financial services provider’s stock worth $4,808,000 after buying an additional 13,043 shares during the period. Congress Park Capital LLC increased its holdings in BlackRock MuniYield Fund by 50.0% in the 4th quarter. Congress Park Capital LLC now owns 450,000 shares of the financial services provider’s stock worth $4,851,000 after buying an additional 150,000 shares during the period. AQR Arbitrage LLC increased its holdings in BlackRock MuniYield Fund by 67.2% in the 3rd quarter. AQR Arbitrage LLC now owns 340,444 shares of the financial services provider’s stock worth $3,125,000 after buying an additional 136,886 shares during the period. Advisor Partners II LLC acquired a new position in BlackRock MuniYield Fund in the 3rd quarter worth approximately $2,521,000. Finally, RPO LLC increased its holdings in BlackRock MuniYield Fund by 46.1% in the 3rd quarter. RPO LLC now owns 220,864 shares of the financial services provider’s stock worth $2,028,000 after buying an additional 69,734 shares during the period. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Price Performance

NYSE:MYD traded down $0.08 during midday trading on Thursday, hitting $10.52. The company’s stock had a trading volume of 158,624 shares, compared to its average volume of 213,563. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $8.76 and a fifty-two week high of $11.30. The firm’s 50 day moving average is $10.97 and its 200-day moving average is $10.46.

BlackRock MuniYield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.0525 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.63 annualized dividend and a yield of 5.99%.

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.