Shares of Blackrock Muniyield Insured Fund Inc. (NYSE:MYI) hit a new 52-week high on Wednesday . The company traded as high as $13.17 and last traded at $13.12, with a volume of 2399 shares traded. The stock had previously closed at $13.07.
The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.0505 per share. This represents a $0.61 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Tuesday, May 14th.
Large investors have recently modified their holdings of the stock. Cito Capital Group LLC acquired a new stake in Blackrock Muniyield Insured Fund during the 4th quarter worth $121,000. 6 Meridian boosted its stake in Blackrock Muniyield Insured Fund by 14.7% during the 1st quarter. 6 Meridian now owns 68,924 shares of the investment management company’s stock worth $891,000 after purchasing an additional 8,851 shares during the period. Merriman Wealth Management LLC acquired a new stake in Blackrock Muniyield Insured Fund during the 4th quarter worth $353,000. PNC Financial Services Group Inc. boosted its stake in Blackrock Muniyield Insured Fund by 115.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 450,937 shares of the investment management company’s stock worth $5,434,000 after purchasing an additional 242,000 shares during the period. Finally, Morgan Stanley boosted its stake in Blackrock Muniyield Insured Fund by 10.1% during the 3rd quarter. Morgan Stanley now owns 879,029 shares of the investment management company’s stock worth $10,619,000 after purchasing an additional 80,806 shares during the period. Hedge funds and other institutional investors own 23.23% of the company’s stock.
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BlackRock MuniYield Quality Fund III, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.
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