Wolverine Asset Management LLC Boosts Stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Wolverine Asset Management LLC grew its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 740.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,760 shares of the financial services provider’s stock after buying an additional 10,360 shares during the quarter. Wolverine Asset Management LLC’s holdings in BlackRock MuniYield Fund were worth $122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in shares of BlackRock MuniYield Fund by 6.5% during the 4th quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider’s stock valued at $3,612,000 after buying an additional 21,337 shares in the last quarter. Intellectus Partners LLC grew its holdings in shares of BlackRock MuniYield Fund by 10.1% during the 3rd quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider’s stock valued at $872,000 after purchasing an additional 7,000 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of BlackRock MuniYield Fund during the 3rd quarter valued at $605,000. Mariner Investment Group LLC bought a new position in shares of BlackRock MuniYield Fund during the 4th quarter valued at $527,000. Finally, RFG Advisory LLC bought a new position in shares of BlackRock MuniYield Fund during the 4th quarter valued at $278,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Down 0.0 %

MYD stock opened at $10.77 on Tuesday. BlackRock MuniYield Fund, Inc. has a 52 week low of $10.27 and a 52 week high of $11.74. The firm’s fifty day moving average is $10.63 and its 200 day moving average is $11.06.

BlackRock MuniYield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Friday, February 14th.

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.