BlackRock MuniYield Fund (NYSE:MYD) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

BlackRock MuniYield Fund, Inc. (NYSE:MYD) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.84 and traded as low as $10.54. BlackRock MuniYield Fund shares last traded at $10.63, with a volume of 124,260 shares.

BlackRock MuniYield Fund Stock Performance

The business’s 50 day simple moving average is $10.84 and its two-hundred day simple moving average is $11.09.

BlackRock MuniYield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0545 per share. This represents a $0.65 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date is Wednesday, January 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in shares of BlackRock MuniYield Fund by 2,293.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 2,500 shares during the period. Simon Quick Advisors LLC acquired a new stake in BlackRock MuniYield Fund in the fourth quarter worth $110,000. Private Advisor Group LLC bought a new stake in BlackRock MuniYield Fund in the third quarter valued at $138,000. Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniYield Fund during the 2nd quarter worth about $206,000. Finally, Virtu Financial LLC acquired a new stake in shares of BlackRock MuniYield Fund in the 3rd quarter valued at about $230,000. 33.77% of the stock is owned by institutional investors.

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.