Ranch Capital Advisors Inc. Has $165,000 Stock Position in BlackRock MuniYield Fund, Inc. $MYD

Ranch Capital Advisors Inc. cut its position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 12.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,428 shares of the financial services provider’s stock after selling 2,420 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in BlackRock MuniYield Fund were worth $165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings in BlackRock MuniYield Fund by 389.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,953 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 4,737 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in BlackRock MuniYield Fund by 12.6% during the first quarter. Atria Wealth Solutions Inc. now owns 12,580 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 1,410 shares during the last quarter. Montag A & Associates Inc. boosted its holdings in BlackRock MuniYield Fund by 113.0% during the first quarter. Montag A & Associates Inc. now owns 14,939 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 7,926 shares during the last quarter. AlphaCore Capital LLC purchased a new position in BlackRock MuniYield Fund during the first quarter worth about $166,000. Finally, Pettinga Financial Advisors LLC purchased a new position in BlackRock MuniYield Fund during the first quarter worth about $171,000. 33.77% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Stock Performance

BlackRock MuniYield Fund stock opened at $10.61 on Friday. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $9.65 and a fifty-two week high of $11.55. The firm’s 50-day simple moving average is $10.41 and its 200 day simple moving average is $10.16.

BlackRock MuniYield Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a $0.0545 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Wednesday, October 15th.

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.