Congress Park Capital LLC Has $7.12 Million Stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Congress Park Capital LLC lifted its position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 43.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 643,385 shares of the financial services provider’s stock after acquiring an additional 193,385 shares during the quarter. BlackRock MuniYield Fund makes up approximately 3.1% of Congress Park Capital LLC’s portfolio, making the stock its 11th biggest position. Congress Park Capital LLC owned 1.38% of BlackRock MuniYield Fund worth $7,116,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in BlackRock MuniYield Fund by 3.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 32,774 shares of the financial services provider’s stock worth $353,000 after buying an additional 1,169 shares during the period. Simon Quick Advisors LLC lifted its holdings in BlackRock MuniYield Fund by 11.2% during the 4th quarter. Simon Quick Advisors LLC now owns 12,961 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,304 shares during the period. Fortitude Advisory Group L.L.C. lifted its holdings in BlackRock MuniYield Fund by 5.9% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 26,910 shares of the financial services provider’s stock worth $290,000 after buying an additional 1,501 shares during the period. Principal Securities Inc. bought a new position in shares of BlackRock MuniYield Fund in the 4th quarter worth about $69,000. Finally, Axxcess Wealth Management LLC bought a new position in shares of BlackRock MuniYield Fund in the 3rd quarter worth about $92,000. Institutional investors and hedge funds own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

Shares of MYD stock remained flat at $10.80 during mid-day trading on Friday. The stock had a trading volume of 63,482 shares, compared to its average volume of 186,030. The stock’s 50 day simple moving average is $10.71 and its two-hundred day simple moving average is $10.80. BlackRock MuniYield Fund, Inc. has a 1 year low of $8.76 and a 1 year high of $11.30.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a $0.0525 dividend. This represents a $0.63 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Friday, June 14th.

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.