BlackRock MuniYield Fund (NYSE:MYD) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

BlackRock MuniYield Fund, Inc. (NYSE:MYD)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.84 and traded as low as $10.54. BlackRock MuniYield Fund shares last traded at $10.63, with a volume of 124,260 shares changing hands.

BlackRock MuniYield Fund Price Performance

The company’s 50-day simple moving average is $10.84 and its 200 day simple moving average is $11.09.

BlackRock MuniYield Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC acquired a new position in BlackRock MuniYield Fund during the 3rd quarter worth approximately $138,000. Sanctuary Advisors LLC grew its position in BlackRock MuniYield Fund by 10.2% in the third quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 2,000 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in BlackRock MuniYield Fund in the 3rd quarter valued at $605,000. Congress Park Capital LLC lifted its position in BlackRock MuniYield Fund by 8.8% during the 3rd quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider’s stock worth $9,030,000 after buying an additional 64,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of BlackRock MuniYield Fund during the 3rd quarter worth about $230,000. Institutional investors and hedge funds own 33.77% of the company’s stock.

About BlackRock MuniYield Fund

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.