Cwm LLC Has $100,000 Position in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

Cwm LLC lessened its holdings in shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 24.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,812 shares of the financial services provider’s stock after selling 2,780 shares during the period. Cwm LLC’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MIY. Axxcess Wealth Management LLC acquired a new position in shares of BlackRock MuniYield Michigan Quality Fund in the third quarter valued at approximately $143,000. SYM FINANCIAL Corp bought a new position in shares of BlackRock MuniYield Michigan Quality Fund in the third quarter valued at $152,000. Capital Asset Advisory Services LLC increased its holdings in BlackRock MuniYield Michigan Quality Fund by 17.0% during the fourth quarter. Capital Asset Advisory Services LLC now owns 16,850 shares of the financial services provider’s stock worth $191,000 after buying an additional 2,450 shares during the last quarter. Foresight Capital Management Advisors Inc. bought a new stake in BlackRock MuniYield Michigan Quality Fund during the fourth quarter worth $195,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in BlackRock MuniYield Michigan Quality Fund by 7.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 25,431 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 1,801 shares during the last quarter. 24.15% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Michigan Quality Fund Price Performance

Shares of MIY opened at $11.26 on Tuesday. The firm has a 50-day moving average of $11.36 and a 200-day moving average of $11.12. BlackRock MuniYield Michigan Quality Fund, Inc. has a one year low of $9.45 and a one year high of $11.70.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.0465 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Tuesday, May 14th.

BlackRock MuniYield Michigan Quality Fund Profile

BlackRock MuniYield Michigan Quality Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade, long-term municipal obligations exempt from federal income taxes and Michigan income taxes.