BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY - Get Free Report) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.0465 per share by the financial services provider on Wednesday, May 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date is Friday, April 12th.
BlackRock MuniYield Michigan Quality Fund Stock Down 0.5 %
Shares of BlackRock MuniYield Michigan Quality Fund stock traded down $0.05 during trading on Wednesday, hitting $11.47. 65,286 shares of the stock were exchanged, compared to its average volume of 51,154. BlackRock MuniYield Michigan Quality Fund has a 12 month low of $9.45 and a 12 month high of $11.70. The stock's fifty day moving average is $11.44 and its 200 day moving average is $10.91.
Institutional Investors Weigh In On BlackRock MuniYield Michigan Quality Fund
Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in BlackRock MuniYield Michigan Quality Fund during the fourth quarter worth $111,000. Comerica Bank bought a new stake in shares of BlackRock MuniYield Michigan Quality Fund in the third quarter valued at approximately $133,000. West Michigan Advisors LLC acquired a new position in shares of BlackRock MuniYield Michigan Quality Fund in the 1st quarter valued at approximately $161,000. Bank of Montreal Can bought a new stake in shares of BlackRock MuniYield Michigan Quality Fund during the 1st quarter worth approximately $180,000. Finally, Susquehanna International Group LLP bought a new stake in shares of BlackRock MuniYield Michigan Quality Fund during the 1st quarter worth approximately $182,000. 24.15% of the stock is owned by institutional investors.
BlackRock MuniYield Michigan Quality Fund Company Profile
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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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