Virtu Financial LLC Purchases New Holdings in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Virtu Financial LLC acquired a new position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,125 shares of the financial services provider’s stock, valued at approximately $230,000.

A number of other institutional investors have also recently bought and sold shares of MYD. Rothschild Investment LLC purchased a new position in shares of BlackRock MuniYield Fund in the 2nd quarter worth about $1,492,000. Congress Park Capital LLC boosted its stake in BlackRock MuniYield Fund by 8.8% in the third quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider’s stock valued at $9,030,000 after acquiring an additional 64,000 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 approximately $605,000. Ackerman Capital Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund during the 2nd quarter worth approximately $228,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of BlackRock MuniYield Fund in the 2nd quarter worth approximately $206,000. Institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Price Performance

Shares of NYSE MYD opened at $10.84 on Wednesday. The stock has a fifty day simple moving average of $11.26 and a two-hundred day simple moving average of $11.14. BlackRock MuniYield Fund, Inc. has a 1-year low of $10.35 and a 1-year high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.0545 per share. The ex-dividend date is Monday, December 16th. This represents a $0.65 annualized dividend and a dividend yield of 6.03%.

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.