Private Advisor Group LLC reduced its position in Blackrock Muniyield Fund Inc. (NYSE:MYD) by 40.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,393 shares of the financial services provider’s stock after selling 13,001 shares during the quarter. Private Advisor Group LLC’s holdings in Blackrock Muniyield Fund were worth $243,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Blackrock Muniyield Fund by 121.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,130 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 5,013 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Blackrock Muniyield Fund in the 4th quarter worth about $133,000. BB&T Securities LLC purchased a new position in shares of Blackrock Muniyield Fund in the 4th quarter worth about $137,000. Wetherby Asset Management Inc. purchased a new position in shares of Blackrock Muniyield Fund in the 4th quarter worth about $150,000. Finally, MML Investors Services LLC purchased a new position in shares of Blackrock Muniyield Fund in the 3rd quarter worth about $151,000. Hedge funds and other institutional investors own 11.75% of the company’s stock.
In related news, insider Theodore R. Jaeckel, Jr. sold 3,000 shares of the stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $12.66, for a total transaction of $37,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Theodore R. Jaeckel, Jr. sold 3,005 shares of the stock in a transaction dated Wednesday, December 26th. The shares were sold at an average price of $12.56, for a total value of $37,742.80. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
The company also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a $0.059 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Thursday, March 14th.
WARNING: This report was first published by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://weekherald.com/2019/03/15/private-advisor-group-llc-cuts-stake-in-blackrock-muniyield-fund-inc-myd.html.
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.
Recommended Story: Understanding Specialty Certificates of Deposit
Want to see what other hedge funds are holding MYD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Muniyield Fund Inc. (NYSE:MYD).
Receive News & Ratings for Blackrock Muniyield Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Muniyield Fund and related companies with MarketBeat.com's FREE daily email newsletter.