Tanglewood Legacy Advisors LLC Makes New $47,000 Investment in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Tanglewood Legacy Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,500 shares of the financial services provider’s stock, valued at approximately $47,000.

Several other institutional investors have also modified their holdings of MYD. Van ECK Associates Corp increased its stake in BlackRock MuniYield Fund by 6.5% in the 4th quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider’s stock valued at $3,612,000 after purchasing an additional 21,337 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of BlackRock MuniYield Fund in the fourth quarter valued at $105,000. Choreo LLC raised its stake in shares of BlackRock MuniYield Fund by 8.5% during the 4th quarter. Choreo LLC now owns 12,738 shares of the financial services provider’s stock worth $132,000 after buying an additional 994 shares during the last quarter. Mariner Investment Group LLC purchased a new stake in shares of BlackRock MuniYield Fund in the 4th quarter worth about $527,000. Finally, RFG Advisory LLC acquired a new stake in BlackRock MuniYield Fund in the 4th quarter valued at about $278,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

Shares of MYD opened at $10.79 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 moving average of $10.68 and a two-hundred day moving average of $11.08.

BlackRock MuniYield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.0545 per share. The ex-dividend date is Friday, February 14th. This represents a $0.65 annualized dividend and a dividend yield of 6.06%.

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.