BlackRock MuniYield Michigan Quality Fund, Inc. $MIY Shares Sold by Robinson Capital Management LLC

Robinson Capital Management LLC reduced its position in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 59.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,521 shares of the financial services provider’s stock after selling 229,089 shares during the period. Robinson Capital Management LLC’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $1,921,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MIY. Kestra Advisory Services LLC increased its position in BlackRock MuniYield Michigan Quality Fund by 1.3% during the 1st quarter. Kestra Advisory Services LLC now owns 346,343 shares of the financial services provider’s stock worth $4,115,000 after purchasing an additional 4,291 shares in the last quarter. Bank of America Corp DE grew its stake in BlackRock MuniYield Michigan Quality Fund by 1.7% during the third quarter. Bank of America Corp DE now owns 297,871 shares of the financial services provider’s stock worth $3,360,000 after buying an additional 4,943 shares during the period. FSA Advisors Inc. grew its stake in BlackRock MuniYield Michigan Quality Fund by 10.7% during the first quarter. FSA Advisors Inc. now owns 226,124 shares of the financial services provider’s stock worth $2,686,000 after buying an additional 21,879 shares during the period. Stifel Financial Corp increased its position in shares of BlackRock MuniYield Michigan Quality Fund by 5.3% in the fourth quarter. Stifel Financial Corp now owns 172,694 shares of the financial services provider’s stock worth $2,027,000 after acquiring an additional 8,639 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of BlackRock MuniYield Michigan Quality Fund by 41.5% in the fourth quarter. LPL Financial LLC now owns 160,413 shares of the financial services provider’s stock worth $1,883,000 after acquiring an additional 47,044 shares in the last quarter. Hedge funds and other institutional investors own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Price Performance

Shares of MIY stock opened at $12.40 on Thursday. The company’s fifty day simple moving average is $12.37 and its 200-day simple moving average is $12.19. BlackRock MuniYield Michigan Quality Fund, Inc. has a 52 week low of $11.07 and a 52 week high of $12.90.

BlackRock MuniYield Michigan Quality Fund Company Profile

BlackRock MuniYield Michigan Quality Fund (NYSE: MIY) is a closed-end management investment company that seeks to provide current income exempt from federal and Michigan personal income taxes. The fund primarily invests in investment-grade municipal securities issued by state and local governments within Michigan. Its portfolio typically includes a diversified mix of general obligation bonds and revenue bonds backed by public utilities, transportation projects, and other essential municipal services.

The fund’s investment strategy emphasizes credit quality and diversification across sectors and maturities.