BlackRock MuniYield Fund (NYSE:MYD) Stock Price Crosses Below Fifty Day Moving Average of $10.21

BlackRock MuniYield Fund, Inc. (NYSE:MYD) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.21 and traded as low as $9.73. BlackRock MuniYield Fund shares last traded at $9.78, with a volume of 184,794 shares.

BlackRock MuniYield Fund Stock Down 0.2 %

The firm has a fifty day simple moving average of $10.21 and a two-hundred day simple moving average of $10.37.

BlackRock MuniYield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a dividend of $0.0365 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Thursday, September 14th.

Institutional Investors Weigh In On BlackRock MuniYield Fund

A number of large investors have recently bought and sold shares of the company. Karpus Management Inc. boosted its position in BlackRock MuniYield Fund by 8.4% in the first quarter. Karpus Management Inc. now owns 2,771,068 shares of the financial services provider’s stock valued at $29,789,000 after buying an additional 215,664 shares during the last quarter. Morgan Stanley boosted its position in BlackRock MuniYield Fund by 32.2% in the fourth quarter. Morgan Stanley now owns 2,064,779 shares of the financial services provider’s stock valued at $21,494,000 after buying an additional 503,412 shares during the last quarter. Rivernorth Capital Management LLC boosted its position in BlackRock MuniYield Fund by 25.1% in the second quarter. Rivernorth Capital Management LLC now owns 1,543,216 shares of the financial services provider’s stock valued at $16,111,000 after buying an additional 310,122 shares during the last quarter. Guggenheim Capital LLC boosted its position in BlackRock MuniYield Fund by 7.2% in the second quarter. Guggenheim Capital LLC now owns 1,002,218 shares of the financial services provider’s stock valued at $10,463,000 after buying an additional 67,212 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in BlackRock MuniYield Fund by 17.2% in the second quarter. Fiera Capital Corp now owns 510,707 shares of the financial services provider’s stock valued at $5,332,000 after buying an additional 74,897 shares during the last quarter. Hedge funds and other institutional investors own 29.42% of the company’s stock.

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.