Blackrock Muniyield Michign Qulty Fd (MIY) Reaches New 12-Month High at $13.52

Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY) reached a new 52-week high during trading on Monday . The company traded as high as $13.52 and last traded at $13.42, with a volume of 1516 shares traded. The stock had previously closed at $13.48.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Friday, April 12th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Executive Wealth Management LLC acquired a new stake in Blackrock Muniyield Michign Qulty Fd in the 4th quarter valued at approximately $55,000. Advisor Group Inc. raised its position in Blackrock Muniyield Michign Qulty Fd by 114.9% in the 4th quarter. Advisor Group Inc. now owns 6,235 shares of the financial services provider’s stock valued at $77,000 after buying an additional 3,333 shares during the last quarter. NEXT Financial Group Inc acquired a new stake in Blackrock Muniyield Michign Qulty Fd in the 4th quarter valued at approximately $120,000. Commonwealth Equity Services LLC acquired a new stake in Blackrock Muniyield Michign Qulty Fd in the 4th quarter valued at approximately $355,000. Finally, Dakota Wealth Management raised its position in Blackrock Muniyield Michign Qulty Fd by 20.4% in the 4th quarter. Dakota Wealth Management now owns 39,500 shares of the financial services provider’s stock valued at $490,000 after buying an additional 6,700 shares during the last quarter. 19.19% of the stock is currently owned by institutional investors.

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Blackrock Muniyield Michign Qulty Fd Company Profile (NYSE:MIY)

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.

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