Advisor Group Inc. Raises Holdings in Blackrock Muniyield Fund Inc. (NYSE:MYD)

Advisor Group Inc. boosted its position in shares of Blackrock Muniyield Fund Inc. (NYSE:MYD) by 39.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,507 shares of the financial services provider’s stock after buying an additional 1,000 shares during the period. Advisor Group Inc.’s holdings in Blackrock Muniyield Fund were worth $44,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MYD. Capital Investment Advisors LLC lifted its stake in shares of Blackrock Muniyield Fund by 10.4% in the 4th quarter. Capital Investment Advisors LLC now owns 13,775 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 1,300 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Blackrock Muniyield Fund by 121.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,130 shares of the financial services provider’s stock worth $114,000 after buying an additional 5,013 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Blackrock Muniyield Fund by 52.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 18,490 shares of the financial services provider’s stock worth $231,000 after buying an additional 6,323 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Blackrock Muniyield Fund in the fourth quarter worth approximately $133,000. Finally, BB&T Securities LLC purchased a new stake in shares of Blackrock Muniyield Fund in the fourth quarter worth approximately $137,000. 11.73% of the stock is owned by institutional investors.

MYD traded up $0.01 during trading on Friday, hitting $14.24. 54,700 shares of the stock were exchanged, compared to its average volume of 100,599. Blackrock Muniyield Fund Inc. has a 1 year low of $12.29 and a 1 year high of $14.40.

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.059 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.71 annualized dividend and a yield of 4.97%.

WARNING: This story was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/05/10/blackrock-muniyield-fund-inc-myd-holdings-increased-by-advisor-group-inc.html.

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.

See Also: Marijuana Stocks Future Looks Bright

Institutional Ownership by Quarter for Blackrock Muniyield Fund (NYSE:MYD)

Receive News & Ratings for Blackrock Muniyield Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Muniyield Fund and related companies with MarketBeat.com's FREE daily email newsletter.