Blackrock Muniyield Insured Fund Inc. (NYSE:MYI) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.00 and last traded at $12.97, with a volume of 2057 shares changing hands. The stock had previously closed at $12.94.
The company also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.0505 per share. This represents a $0.61 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Tuesday, May 14th.
Several hedge funds have recently added to or reduced their stakes in the business. Pinnacle Financial Partners Inc. bought a new stake in shares of Blackrock Muniyield Insured Fund during the 1st quarter worth about $48,000. Ackerman Capital Advisors LLC bought a new stake in shares of Blackrock Muniyield Insured Fund in the 1st quarter worth approximately $1,359,000. Private Capital Group LLC bought a new stake in shares of Blackrock Muniyield Insured Fund in the 1st quarter worth approximately $112,000. Creative Planning purchased a new position in shares of Blackrock Muniyield Insured Fund in the first quarter worth approximately $185,000. Finally, Fairhaven Wealth Management LLC purchased a new position in shares of Blackrock Muniyield Insured Fund in the first quarter worth approximately $141,000. Institutional investors own 23.07% of the company’s stock.
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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