BlackRock MuniYield Fund, Inc. (NYSE:MYD) Shares Sold by Rareview Capital LLC

Rareview Capital LLC lowered its holdings in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 26.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,887 shares of the financial services provider’s stock after selling 36,159 shares during the period. Rareview Capital LLC owned about 0.22% of BlackRock MuniYield Fund worth $1,176,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MYD. Tanglewood Legacy Advisors LLC acquired a new position in BlackRock MuniYield Fund during the fourth quarter worth about $47,000. Avidian Wealth Enterprises LLC purchased a new stake in shares of BlackRock MuniYield Fund during the fourth quarter worth about $105,000. Simon Quick Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund during the fourth quarter worth about $110,000. Independent Advisor Alliance purchased a new stake in shares of BlackRock MuniYield Fund during the fourth quarter worth about $120,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of BlackRock MuniYield Fund by 740.0% during the fourth quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider’s stock worth $122,000 after buying an additional 10,360 shares in the last quarter. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Down 0.9 %

Shares of NYSE MYD opened at $10.49 on Friday. BlackRock MuniYield Fund, Inc. has a 12 month low of $10.27 and a 12 month high of $11.74. The company has a 50-day simple moving average of $10.70 and a 200-day simple moving average of $11.02.

BlackRock MuniYield Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0545 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.24%.

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.