Freestone Capital Holdings LLC Has $570,000 Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Freestone Capital Holdings LLC increased its position in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,500 shares of the financial services provider’s stock after purchasing an additional 1,500 shares during the period. Freestone Capital Holdings LLC owned approximately 0.11% of BlackRock MuniYield Fund worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in BlackRock MuniYield Fund by 3.0% during the 1st quarter. Van ECK Associates Corp now owns 351,725 shares of the financial services provider’s stock worth $3,890,000 after acquiring an additional 10,304 shares during the period. Summit Trail Advisors LLC bought a new position in BlackRock MuniYield Fund during the 1st quarter worth $292,000. Congress Park Capital LLC increased its stake in BlackRock MuniYield Fund by 43.0% during the 1st quarter. Congress Park Capital LLC now owns 643,385 shares of the financial services provider’s stock worth $7,116,000 after acquiring an additional 193,385 shares during the period. Aristides Capital LLC bought a new position in BlackRock MuniYield Fund during the 4th quarter worth $155,000. Finally, Weiss Asset Management LP bought a new position in BlackRock MuniYield Fund during the 4th quarter worth $141,000. 33.77% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Price Performance

BlackRock MuniYield Fund stock traded up $0.06 during mid-day trading on Friday, reaching $10.94. 72,555 shares of the company were exchanged, compared to its average volume of 180,169. The company has a fifty day simple moving average of $10.79 and a 200-day simple moving average of $10.82. BlackRock MuniYield Fund, Inc. has a 12 month low of $8.76 and a 12 month high of $11.30.

BlackRock MuniYield Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.0525 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.63 dividend on an annualized basis and a yield of 5.76%.

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.