Intellectus Partners LLC Acquires 7,000 Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Intellectus Partners LLC raised its position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,000 shares of the financial services provider’s stock after buying an additional 7,000 shares during the quarter. Intellectus Partners LLC owned about 0.16% of BlackRock MuniYield Fund worth $872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC bought a new position in shares of BlackRock MuniYield Fund in the second quarter worth about $25,000. EverSource Wealth Advisors LLC increased its stake in BlackRock MuniYield Fund by 2,293.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider’s stock worth $29,000 after buying an additional 2,500 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniYield Fund in the 2nd quarter worth $42,000. Pettinga Financial Advisors LLC bought a new position in shares of BlackRock MuniYield Fund during the second quarter valued at approximately $125,000. Finally, Private Advisor Group LLC purchased a new position in BlackRock MuniYield Fund in the third quarter valued at about $138,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

Shares of MYD stock opened at $11.20 on Friday. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $11.74. The stock’s 50-day simple moving average is $11.37 and its 200-day simple moving average is $11.05.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.0545 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a yield of 5.84%.

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.