Transcend Capital Advisors LLC Grows Stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Transcend Capital Advisors LLC boosted its stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the financial services provider’s stock after buying an additional 2,000 shares during the quarter. Transcend Capital Advisors LLC’s holdings in BlackRock MuniYield Fund were worth $184,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in shares of BlackRock MuniYield Fund during the 4th quarter worth approximately $69,000. Weiss Asset Management LP purchased a new stake in BlackRock MuniYield Fund in the 4th quarter valued at $141,000. Aristides Capital LLC purchased a new position in BlackRock MuniYield Fund during the 4th quarter worth $155,000. Mackay Shields LLC purchased a new stake in shares of BlackRock MuniYield Fund during the 4th quarter worth $199,000. Finally, Summit Trail Advisors LLC acquired a new position in shares of BlackRock MuniYield Fund during the 1st quarter worth $292,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Stock Down 0.8 %

Shares of NYSE MYD traded down $0.09 during midday trading on Monday, hitting $11.05. The company had a trading volume of 69,579 shares, compared to its average volume of 176,882. The business has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $10.84. BlackRock MuniYield Fund, Inc. has a twelve month low of $8.76 and a twelve month high of $11.30.

BlackRock MuniYield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.0525 per share. This represents a $0.63 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend is Thursday, August 15th.

BlackRock MuniYield Fund Company 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.