Mariner Investment Group LLC Takes $527,000 Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Mariner Investment Group LLC purchased a new stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 50,734 shares of the financial services provider’s stock, valued at approximately $527,000. BlackRock MuniYield Fund comprises about 0.1% of Mariner Investment Group LLC’s investment portfolio, making the stock its 28th biggest position. Mariner Investment Group LLC owned about 0.11% of BlackRock MuniYield Fund at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 2,500 shares during the last quarter. Simon Quick Advisors LLC acquired a new stake in BlackRock MuniYield Fund during the fourth quarter worth about $110,000. Private Advisor Group LLC purchased a new position in BlackRock MuniYield Fund during the third quarter worth about $138,000. Sanctuary Advisors LLC acquired a new position in BlackRock MuniYield Fund in the 2nd quarter valued at about $206,000. Finally, Virtu Financial LLC purchased a new stake in shares of BlackRock MuniYield Fund in the 3rd quarter valued at approximately $230,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Up 0.6 %

MYD stock opened at $10.63 on Monday. BlackRock MuniYield Fund, Inc. has a one year low of $10.27 and a one year high of $11.74. The firm’s 50 day moving average price is $10.84 and its 200-day moving average price is $11.09.

BlackRock MuniYield Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.0545 dividend. This represents a $0.65 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.