Blackrock Muniyield Insured Fund Inc. (NYSE:MYI) reached a new 52-week high on Friday . The stock traded as high as $12.87 and last traded at $12.85, with a volume of 2900 shares traded. The stock had previously closed at $12.81.
The company also recently announced a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a $0.0505 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.61 annualized dividend and a yield of 4.71%.
A number of institutional investors and hedge funds have recently bought and sold shares of MYI. We Are One Seven LLC acquired a new stake in Blackrock Muniyield Insured Fund in the fourth quarter worth $25,000. Cito Capital Group LLC acquired a new stake in Blackrock Muniyield Insured Fund in the fourth quarter worth $121,000. LPL Financial LLC raised its holdings in Blackrock Muniyield Insured Fund by 15.9% in the fourth quarter. LPL Financial LLC now owns 11,606 shares of the investment management company’s stock worth $140,000 after purchasing an additional 1,588 shares during the period. Virtu Financial LLC acquired a new stake in Blackrock Muniyield Insured Fund in the fourth quarter worth $145,000. Finally, BOKF NA acquired a new stake in Blackrock Muniyield Insured Fund in the fourth quarter worth $194,000. Institutional investors own 23.03% of the company’s stock.
About Blackrock Muniyield Insured Fund (NYSE:MYI)
BlackRock MuniYield Quality Fund III, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.
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