BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Free Report) declared a monthly dividend on Friday, February 27th. Investors of record on Friday, May 15th will be given a dividend of 0.0545 per share by the financial services provider on Monday, June 1st. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, May 15th.
BlackRock MuniYield Michigan Quality Fund Price Performance
Shares of NYSE MIY opened at $11.95 on Wednesday. BlackRock MuniYield Michigan Quality Fund has a 1-year low of $10.57 and a 1-year high of $12.90. The business’s 50 day moving average is $12.07 and its two-hundred day moving average is $11.94.
Institutional Trading of BlackRock MuniYield Michigan Quality Fund
Several hedge funds and other institutional investors have recently bought and sold shares of MIY. Elyxium Wealth LLC purchased a new stake in shares of BlackRock MuniYield Michigan Quality Fund during the 4th quarter worth $43,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of BlackRock MuniYield Michigan Quality Fund during the first quarter valued at about $56,000. Fifth Third Bancorp purchased a new stake in shares of BlackRock MuniYield Michigan Quality Fund during the first quarter valued at about $61,000. Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniYield Michigan Quality Fund in the 3rd quarter valued at about $84,000. Finally, Regal Investment Advisors LLC purchased a new position in shares of BlackRock MuniYield Michigan Quality Fund in the 3rd quarter worth approximately $146,000. Institutional investors own 24.15% of the company’s stock.
About BlackRock MuniYield Michigan Quality Fund
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.
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