BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) Stock Holdings Lowered by Comerica Bank

Comerica Bank trimmed its stake in shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,621 shares of the financial services provider’s stock after selling 3,724 shares during the quarter. Comerica Bank’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. purchased a new stake in shares of BlackRock MuniYield Michigan Quality Fund in the fourth quarter worth approximately $154,000. Bank of Montreal Can grew its stake in shares of BlackRock MuniYield Michigan Quality Fund by 4.8% in the fourth quarter. Bank of Montreal Can now owns 19,740 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 913 shares during the last quarter. Raymond James Financial Inc. bought a new position in BlackRock MuniYield Michigan Quality Fund in the fourth quarter worth $928,000. Wells Fargo & Company MN lifted its position in BlackRock MuniYield Michigan Quality Fund by 3.2% in the fourth quarter. Wells Fargo & Company MN now owns 117,579 shares of the financial services provider’s stock worth $1,315,000 after purchasing an additional 3,612 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 55.4% during the fourth quarter. LPL Financial LLC now owns 117,812 shares of the financial services provider’s stock valued at $1,317,000 after acquiring an additional 41,989 shares during the period. Institutional investors own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Stock Up 0.7%

BlackRock MuniYield Michigan Quality Fund stock opened at $11.59 on Monday. BlackRock MuniYield Michigan Quality Fund, Inc. has a 12-month low of $10.81 and a 12-month high of $12.11. The stock has a 50-day simple moving average of $11.34 and a 200 day simple moving average of $11.49.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a $0.0545 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.65 annualized dividend and a dividend yield of 5.64%.

BlackRock MuniYield Michigan Quality Fund Company 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.