BlackRock MuniYield Fund (NYSE:MYD) Shares Cross Below Fifty Day Moving Average of $11.00

BlackRock MuniYield Fund, Inc. (NYSE:MYD) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.00 and traded as low as $10.64. BlackRock MuniYield Fund shares last traded at $10.71, with a volume of 98,070 shares trading hands.

BlackRock MuniYield Fund Price Performance

The stock has a 50 day moving average of $11.00 and a 200 day moving average of $10.40.

BlackRock MuniYield Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.0525 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pathstone Holdings LLC bought a new stake in shares of BlackRock MuniYield Fund in the fourth quarter worth about $12,396,000. Morgan Stanley grew its stake in shares of BlackRock MuniYield Fund by 32.2% in the fourth quarter. Morgan Stanley now owns 2,064,779 shares of the financial services provider’s stock worth $21,494,000 after purchasing an additional 503,412 shares during the last quarter. Advisor Partners II LLC bought a new stake in shares of BlackRock MuniYield Fund in the third quarter worth about $2,521,000. Robinson Capital Management LLC grew its stake in shares of BlackRock MuniYield Fund by 107.1% in the fourth quarter. Robinson Capital Management LLC now owns 458,441 shares of the financial services provider’s stock worth $4,947,000 after purchasing an additional 237,121 shares during the last quarter. Finally, Congress Park Capital LLC grew its stake in shares of BlackRock MuniYield Fund by 43.0% in the first quarter. Congress Park Capital LLC now owns 643,385 shares of the financial services provider’s stock worth $7,116,000 after purchasing an additional 193,385 shares during the last quarter. 33.77% of the stock is owned by institutional investors.

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.