Mariner Investment Group LLC Takes Position in BlackRock MuniYield Fund, Inc. (NYSE:MYD)

Mariner Investment Group LLC acquired a new position in BlackRock MuniYield Fund, Inc. (NYSE:MYD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,734 shares of the financial services provider’s stock, valued at approximately $527,000. BlackRock MuniYield Fund comprises 0.1% of Mariner Investment Group LLC’s portfolio, making the stock its 28th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. Private Advisor Group LLC purchased a new stake in BlackRock MuniYield Fund in the third quarter valued at approximately $138,000. Sanctuary Advisors LLC lifted its stake in BlackRock MuniYield Fund by 10.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 2,000 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in BlackRock MuniYield Fund during the 3rd quarter valued at about $605,000. Congress Park Capital LLC increased its stake in BlackRock MuniYield Fund by 8.8% during the third quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider’s stock worth $9,030,000 after purchasing an additional 64,000 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of BlackRock MuniYield Fund during the third quarter worth about $230,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

Shares of MYD stock opened at $10.63 on Monday. BlackRock MuniYield Fund, Inc. has a fifty-two week low of $10.27 and a fifty-two week high of $11.74. The company has a 50 day moving average price of $10.84 and a 200 day moving average price of $11.09.

BlackRock MuniYield Fund Dividend Announcement

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

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.