Baird Financial Group Inc. Has $1.17 Million Stock Position in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

Baird Financial Group Inc. grew its position in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIYGet Rating) by 2.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 89,165 shares of the financial services provider’s stock after buying an additional 1,917 shares during the period. Baird Financial Group Inc. owned 0.30% of BlackRock MuniYield Michigan Quality Fund worth $1,173,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MIY. Liberty Capital Management Inc. acquired a new stake in shares of BlackRock MuniYield Michigan Quality Fund in the 1st quarter valued at $164,000. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniYield Michigan Quality Fund during the first quarter worth $322,000. Fiera Capital Corp grew its stake in shares of BlackRock MuniYield Michigan Quality Fund by 186.5% during the first quarter. Fiera Capital Corp now owns 188,191 shares of the financial services provider’s stock worth $2,411,000 after purchasing an additional 122,498 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of BlackRock MuniYield Michigan Quality Fund during the first quarter worth $234,000. Finally, Bank of Montreal Can acquired a new stake in shares of BlackRock MuniYield Michigan Quality Fund during the first quarter worth $180,000. 15.86% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Michigan Quality Fund Stock Up 0.9 %

Shares of BlackRock MuniYield Michigan Quality Fund stock opened at $11.20 on Friday. BlackRock MuniYield Michigan Quality Fund, Inc. has a 12 month low of $10.56 and a 12 month high of $15.34. The business has a fifty day simple moving average of $11.85 and a 200 day simple moving average of $12.84.

BlackRock MuniYield Michigan Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a dividend of $0.044 per share. The ex-dividend date is Monday, November 14th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.71%.

About BlackRock MuniYield Michigan Quality Fund

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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.

See Also

Institutional Ownership by Quarter for BlackRock MuniYield Michigan Quality Fund (NYSE:MIY)

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