Baird Financial Group Inc. Sells 9,989 Shares of BlackRock MuniYield Michigan Quality Fund, Inc. $MIY

Baird Financial Group Inc. lessened its holdings in shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 25.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,524 shares of the financial services provider’s stock after selling 9,989 shares during the period. Baird Financial Group Inc. owned approximately 0.10% of BlackRock MuniYield Michigan Quality Fund worth $325,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MIY. Bank of America Corp DE lifted its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 11.8% during the 4th quarter. Bank of America Corp DE now owns 268,116 shares of the financial services provider’s stock valued at $2,998,000 after purchasing an additional 28,252 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of BlackRock MuniYield Michigan Quality Fund during the 4th quarter valued at about $135,000. Elequin Capital LP bought a new position in shares of BlackRock MuniYield Michigan Quality Fund during the 4th quarter valued at about $49,000. Capital Asset Advisory Services LLC lifted its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 66.2% during the 1st quarter. Capital Asset Advisory Services LLC now owns 32,000 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 12,750 shares in the last quarter. Finally, Melone Private Wealth LLC lifted its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 0.5% during the 1st quarter. Melone Private Wealth LLC now owns 369,257 shares of the financial services provider’s stock valued at $4,202,000 after purchasing an additional 1,891 shares in the last quarter. Institutional investors own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Trading Up 0.4%

NYSE:MIY opened at $11.48 on Friday. BlackRock MuniYield Michigan Quality Fund, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $12.11. The business’s 50-day simple moving average is $11.06 and its 200-day simple moving average is $11.23.

BlackRock MuniYield Michigan Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a $0.0545 dividend. The ex-dividend date is Monday, September 15th. This represents a c) annualized dividend and a yield of 5.7%.

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.