First Command Financial Services Inc. purchased a new stake in Blackrock Muniyield Fund Inc. (NYSE:MYD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,541 shares of the financial services provider’s stock, valued at approximately $91,000.
Other large investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. grew its stake in shares of Blackrock Muniyield Fund by 39.9% in the fourth quarter. Advisor Group Inc. now owns 3,507 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Blackrock Muniyield Fund by 121.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,130 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 5,013 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Blackrock Muniyield Fund in the fourth quarter worth $133,000. BB&T Securities LLC acquired a new stake in shares of Blackrock Muniyield Fund in the fourth quarter worth $137,000. Finally, Wetherby Asset Management Inc. acquired a new stake in shares of Blackrock Muniyield Fund in the fourth quarter worth $150,000. 11.49% of the stock is currently owned by institutional investors.
MYD traded down $0.02 during trading on Monday, reaching $14.05. 71,364 shares of the company’s stock were exchanged, compared to its average volume of 102,413. Blackrock Muniyield Fund Inc. has a fifty-two week low of $12.29 and a fifty-two week high of $14.22.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.059 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.71 dividend on an annualized basis and a yield of 5.04%.
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Blackrock Muniyield Fund 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.
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