No headlines found.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Business Wire (Mon, 1-Apr 4:30 PM ET)
BlackRock MuniYield Fund, Inc.’s (MYD) (the “Fund”) investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax). The Fund invests, under normal market conditions, at least 75% of its assets in municipal bonds rated investment grade and invests primarily in long-term municipal bonds with a maturity of more than ten years at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives.
Blackrock Muni Yield trades on the NYSE stock market under the symbol MYD.
As of April 23, 2024, MYD stock price climbed to $10.64 with 60,645 million shares trading.
MYD has a beta of 0.62, meaning it tends to be less sensitive to market movements. MYD has a correlation of 0.29 to the broad based SPY ETF.
MYD has a market cap of $486.60 million. This is considered a Small Cap stock.
In the last 3 years, MYD stock traded as high as $15.60 and as low as $8.76.
MYD has underperformed the market in the last year with a return of +6.2%, while the SPY ETF gained +24.3%. In the last 3 month period, MYD fell short of the market, returning +1.8%, while SPY returned +4.9%. However, in the most recent 2 weeks MYD has outperformed the stock market by returning -1.7%, while SPY returned -2.5%.
MYD support price is $10.54 and resistance is $10.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MYD stock will trade within this expected range on the day.