Ranch Capital Advisors Inc. Reduces Stock Position in BlackRock MuniYield Fund, Inc. $MYD

Ranch Capital Advisors Inc. reduced its holdings in shares of BlackRock MuniYield Fund, Inc. (NYSE:MYD) by 12.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,428 shares of the financial services provider’s stock after selling 2,420 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in BlackRock MuniYield Fund were worth $165,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MYD. Geneos Wealth Management Inc. lifted its stake in shares of BlackRock MuniYield Fund by 389.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,953 shares of the financial services provider’s stock valued at $63,000 after buying an additional 4,737 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in BlackRock MuniYield Fund by 12.6% during the 1st quarter. Atria Wealth Solutions Inc. now owns 12,580 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 1,410 shares during the period. Montag A & Associates Inc. increased its holdings in BlackRock MuniYield Fund by 113.0% during the 1st quarter. Montag A & Associates Inc. now owns 14,939 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 7,926 shares during the period. AlphaCore Capital LLC bought a new stake in BlackRock MuniYield Fund during the 1st quarter worth approximately $166,000. Finally, Pettinga Financial Advisors LLC bought a new stake in BlackRock MuniYield Fund during the 1st quarter worth approximately $171,000. 33.77% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Stock Down 0.2%

BlackRock MuniYield Fund stock opened at $10.61 on Friday. The firm’s 50 day simple moving average is $10.41 and its 200 day simple moving average is $10.16. BlackRock MuniYield Fund, Inc. has a 1-year low of $9.65 and a 1-year high of $11.55.

BlackRock MuniYield Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a dividend of $0.0545 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, October 15th.

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.