Cwm LLC Sells 2,780 Shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

Cwm LLC trimmed its position in shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 24.0% during the fourth quarter, Holdings Channel.com reports. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. AHL Investment Management Inc. lifted its position in shares of BlackRock MuniYield Michigan Quality Fund by 2.9% during the fourth quarter. AHL Investment Management Inc. now owns 47,300 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 1,350 shares in the last quarter. Well Done LLC raised its stake 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 valued at $2,020,000 after purchasing an additional 1,500 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in BlackRock MuniYield Michigan Quality Fund by 7.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 25,431 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 1,801 shares in the last quarter. Capital Asset Advisory Services LLC boosted its stake in BlackRock MuniYield Michigan Quality Fund by 17.0% in the 4th quarter. Capital Asset Advisory Services LLC now owns 16,850 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 2,450 shares during the period. Finally, Private Advisor Group LLC grew its holdings in BlackRock MuniYield Michigan Quality Fund by 10.5% during the 3rd quarter. Private Advisor Group LLC now owns 27,424 shares of the financial services provider’s stock valued at $272,000 after buying an additional 2,606 shares in the last quarter. Institutional investors and hedge funds own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Trading Up 0.3 %

Shares of MIY opened at $11.26 on Tuesday. BlackRock MuniYield Michigan Quality Fund, Inc. has a twelve month low of $9.45 and a twelve month high of $11.70. The business’s 50-day moving average price is $11.36 and its 200-day moving average price is $11.12.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued 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 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.