BlackRock MuniYield Fund, Inc. $MYD Shares Acquired by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. lifted its holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 35.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,426 shares of the financial services provider’s stock after purchasing an additional 146,106 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in BlackRock MuniYield Fund were worth $5,908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its position in BlackRock MuniYield Fund by 3.3% during the 3rd quarter. Pathstone Holdings LLC now owns 693,632 shares of the financial services provider’s stock valued at $7,325,000 after buying an additional 22,222 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock MuniYield Fund by 10.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 354,399 shares of the financial services provider’s stock worth $3,742,000 after acquiring an additional 34,416 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of BlackRock MuniYield Fund by 4.7% during the third quarter. Van ECK Associates Corp now owns 300,259 shares of the financial services provider’s stock worth $3,171,000 after acquiring an additional 13,390 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of BlackRock MuniYield Fund by 5.6% during the third quarter. Bank of America Corp DE now owns 208,830 shares of the financial services provider’s stock valued at $2,205,000 after acquiring an additional 11,065 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of BlackRock MuniYield Fund by 9.3% during the third quarter. UBS Group AG now owns 203,411 shares of the financial services provider’s stock valued at $2,148,000 after acquiring an additional 17,350 shares in the last quarter. 33.77% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Stock Up 0.1%

Shares of BlackRock MuniYield Fund stock opened at $10.79 on Friday. The company has a 50 day moving average price of $10.67 and a 200 day moving average price of $10.54. BlackRock MuniYield Fund, Inc. has a 52 week low of $9.65 and a 52 week high of $10.92.

BlackRock MuniYield Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 6th were issued a $0.0545 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

BlackRock MuniYield Fund Profile

BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.

MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.