BlackRock MuniYield Fund (NYSE:MYD) Share Price Passes Below Fifty Day Moving Average of $11.00

Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.00 and traded as low as $10.64. BlackRock MuniYield Fund shares last traded at $10.71, with a volume of 98,070 shares traded.

BlackRock MuniYield Fund Price Performance

The business’s 50 day moving average is $11.00 and its 200 day moving average is $10.39.

BlackRock MuniYield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.0525 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Trading of BlackRock MuniYield Fund

A number of institutional investors have recently bought and sold shares of MYD. Wolverine Asset Management LLC boosted its stake in BlackRock MuniYield Fund by 143.5% in the 3rd quarter. Wolverine Asset Management LLC now owns 3,604 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 2,124 shares in the last quarter. Tanglewood Legacy Advisors LLC acquired a new stake in BlackRock MuniYield Fund during the 3rd quarter valued at approximately $37,000. Captrust Financial Advisors acquired a new stake in BlackRock MuniYield Fund during the 2nd quarter valued at approximately $41,000. Principal Securities Inc. acquired a new stake in BlackRock MuniYield Fund during the 4th quarter valued at approximately $69,000. Finally, JPMorgan Chase & Co. acquired a new stake in BlackRock MuniYield Fund during the 1st quarter valued at approximately $84,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

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.