Simon Quick Advisors LLC Invests $110,000 in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Simon Quick Advisors LLC acquired a new stake in BlackRock MuniYield Fund, Inc. (NYSE:MYD) in the fourth quarter, HoldingsChannel reports. The firm acquired 10,543 shares of the financial services provider’s stock, valued at approximately $110,000.

Several other hedge funds have also added to or reduced their stakes in MYD. Sanctuary Advisors LLC raised its stake in shares of BlackRock MuniYield Fund by 10.2% during the third quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 2,000 shares during the last quarter. Virtu Financial LLC bought a new position in BlackRock MuniYield Fund during the 3rd quarter worth $230,000. Intellectus Partners LLC lifted its holdings in BlackRock MuniYield Fund by 10.1% during the 3rd quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider’s stock worth $872,000 after buying an additional 7,000 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of BlackRock MuniYield Fund in the 3rd quarter valued at about $605,000. Finally, Private Advisor Group LLC acquired a new stake in shares of BlackRock MuniYield Fund in the third quarter valued at about $138,000. 33.77% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Stock Performance

Shares of MYD opened at $10.63 on Friday. The business has a 50-day moving average of $10.84 and a 200-day moving average of $11.09. BlackRock MuniYield Fund, Inc. has a 1 year low of $10.27 and a 1 year high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Wednesday, January 15th.

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.