Fiera Capital Corp Reduces Stock Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Fiera Capital Corp trimmed its holdings in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,245 shares of the financial services provider’s stock after selling 8,345 shares during the quarter. Fiera Capital Corp owned 0.63% of BlackRock MuniYield Fund worth $3,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC bought a new stake in BlackRock MuniYield Fund during the second quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its position in shares of BlackRock MuniYield Fund by 2,293.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 2,500 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in BlackRock MuniYield Fund during the 2nd quarter valued at $42,000. Pettinga Financial Advisors LLC bought a new stake in BlackRock MuniYield Fund in the second quarter worth $125,000. Finally, Private Advisor Group LLC purchased a new position in BlackRock MuniYield Fund during the third quarter worth $138,000. Institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Trading Up 1.1 %

MYD stock opened at $11.25 on Friday. The firm’s fifty day simple moving average is $11.36 and its two-hundred day simple moving average is $11.04. BlackRock MuniYield Fund, Inc. has a twelve month low of $9.49 and a twelve month high of $11.74.

BlackRock MuniYield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date is Friday, November 15th.

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.