Fiera Capital Corp Sells 8,345 Shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Fiera Capital Corp decreased its stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 2.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 296,245 shares of the financial services provider’s stock after selling 8,345 shares during the period. Fiera Capital Corp’s holdings in BlackRock MuniYield Fund were worth $3,386,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Congress Park Capital LLC grew its stake in BlackRock MuniYield Fund by 8.8% in the third quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider’s stock worth $9,030,000 after purchasing an additional 64,000 shares in the last quarter. Rothschild Investment LLC purchased a new stake in BlackRock MuniYield Fund in the second quarter worth about $1,492,000. J.W. Cole Advisors Inc. purchased a new stake in BlackRock MuniYield Fund in the third quarter worth about $605,000. Freestone Capital Holdings LLC grew its holdings in BlackRock MuniYield Fund by 3.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 51,500 shares of the financial services provider’s stock worth $570,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in BlackRock MuniYield Fund by 82.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 39,406 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 17,845 shares during the period. 33.77% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Stock Performance

NYSE:MYD opened at $11.25 on Friday. The firm has a 50-day simple moving average of $11.36 and a 200-day simple moving average of $11.04. BlackRock MuniYield Fund, Inc. has a one year low of $9.49 and a one year high of $11.74.

BlackRock MuniYield Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.0545 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 annualized dividend and a yield of 5.81%.

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.