Affiance Financial LLC cut its holdings in Blackrock Muniyield Fund Inc. (NYSE:MYD) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,209 shares of the financial services provider’s stock after selling 3,325 shares during the period. Blackrock Muniyield Fund comprises about 1.3% of Affiance Financial LLC’s holdings, making the stock its 14th largest position. Affiance Financial LLC’s holdings in Blackrock Muniyield Fund were worth $2,117,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Advisor Group Inc. raised its stake in Blackrock Muniyield Fund by 39.9% in the fourth quarter. Advisor Group Inc. now owns 3,507 shares of the financial services provider’s stock valued at $44,000 after buying an additional 1,000 shares in the last quarter. Sandy Spring Bank acquired a new stake in Blackrock Muniyield Fund in the first quarter valued at $78,000. First Command Bank acquired a new stake in Blackrock Muniyield Fund in the first quarter valued at $91,000. PNC Financial Services Group Inc. raised its stake in 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 valued at $114,000 after buying an additional 5,013 shares in the last quarter. Finally, Congress Park Capital LLC acquired a new stake in Blackrock Muniyield Fund in the first quarter valued at $254,000. Institutional investors own 11.22% of the company’s stock.
Blackrock Muniyield Fund stock traded down $0.02 during midday trading on Tuesday, reaching $14.58. The company’s stock had a trading volume of 127,700 shares, compared to its average volume of 89,914. Blackrock Muniyield Fund Inc. has a fifty-two week low of $12.29 and a fifty-two week high of $14.75. The stock’s 50-day moving average is $14.41.
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.
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