Allspring Global Investments Holdings LLC Has $1.54 Million Stake in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

Allspring Global Investments Holdings LLC raised its position in shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 43.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,082 shares of the financial services provider’s stock after acquiring an additional 41,239 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.46% of BlackRock MuniYield Michigan Quality Fund worth $1,535,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Walter & Keenan Wealth Management LLC IN ADV boosted its position in shares of BlackRock MuniYield Michigan Quality Fund by 2.3% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 47,967 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 1,101 shares in the last quarter. AHL Investment Management Inc. boosted its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 2.9% during the 4th quarter. AHL Investment Management Inc. now owns 47,300 shares of the financial services provider’s stock worth $537,000 after buying an additional 1,350 shares in the last quarter. Well Done LLC grew its position in shares of BlackRock MuniYield Michigan Quality Fund by 0.9% during the 4th quarter. Well Done LLC now owns 177,860 shares of the financial services provider’s stock worth $2,020,000 after buying an additional 1,500 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of BlackRock MuniYield Michigan Quality Fund by 7.6% in the 3rd 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 in the last quarter. Finally, Capital Asset Advisory Services LLC lifted its position in shares of BlackRock MuniYield Michigan Quality Fund by 17.0% during the 4th quarter. Capital Asset Advisory Services LLC now owns 16,850 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 2,450 shares during the period. 24.15% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Michigan Quality Fund Stock Performance

NYSE:MIY opened at $11.11 on Tuesday. BlackRock MuniYield Michigan Quality Fund, Inc. has a 12 month low of $9.45 and a 12 month high of $11.70. The firm has a fifty day simple moving average of $11.42 and a two-hundred day simple moving average of $11.02.

BlackRock MuniYield Michigan Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.0465 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.56 annualized dividend and a dividend yield of 5.02%.

About BlackRock MuniYield Michigan Quality Fund

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.