Wolverine Asset Management LLC Sells 99,752 Shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

Wolverine Asset Management LLC lowered its position in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 96.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,960 shares of the financial services provider’s stock after selling 99,752 shares during the quarter. Wolverine Asset Management LLC’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $45,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Saba Capital Management L.P. lifted its position in BlackRock MuniYield Michigan Quality Fund by 70.4% in the third quarter. Saba Capital Management L.P. now owns 664,020 shares of the financial services provider’s stock worth $6,594,000 after purchasing an additional 274,244 shares during the period. AQR Arbitrage LLC lifted its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 90.2% during the 3rd quarter. AQR Arbitrage LLC now owns 205,914 shares of the financial services provider’s stock worth $2,045,000 after acquiring an additional 97,635 shares during the period. Robinson Capital Management LLC boosted its position in shares of BlackRock MuniYield Michigan Quality Fund by 13.0% during the 3rd quarter. Robinson Capital Management LLC now owns 389,193 shares of the financial services provider’s stock valued at $3,853,000 after acquiring an additional 44,837 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in BlackRock MuniYield Michigan Quality Fund by 43.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 135,082 shares of the financial services provider’s stock valued at $1,535,000 after acquiring an additional 41,239 shares during the period. Finally, Foresight Capital Management Advisors Inc. acquired a new position in BlackRock MuniYield Michigan Quality Fund in the fourth quarter worth about $195,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Trading Up 0.1 %

MIY stock opened at $11.02 on Monday. BlackRock MuniYield Michigan Quality Fund, Inc. has a 1-year low of $9.45 and a 1-year high of $11.70. The business’s 50 day moving average is $11.39 and its 200-day moving average is $11.06.

BlackRock MuniYield Michigan Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.0465 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Friday, April 12th.

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.