BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC decreased its stake in shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY - Free Report) by 96.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,960 shares of the financial services provider's stock after selling 99,752 shares during the quarter. Wolverine Asset Management LLC's holdings in BlackRock MuniYield Michigan Quality Fund were worth $45,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. AHL Investment Management Inc. increased its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 2.9% in the 4th quarter. AHL Investment Management Inc. now owns 47,300 shares of the financial services provider's stock valued at $537,000 after acquiring an additional 1,350 shares during the last quarter. Well Done LLC boosted its position in shares of BlackRock MuniYield Michigan Quality Fund by 0.9% in 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. boosted its position in shares of BlackRock MuniYield Michigan Quality Fund by 7.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 25,431 shares of the financial services provider's stock valued at $253,000 after purchasing an additional 1,801 shares during the period. Capital Asset Advisory Services LLC boosted its position in shares of 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 valued at $191,000 after purchasing an additional 2,450 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of BlackRock MuniYield Michigan Quality Fund by 10.5% in the 3rd quarter. Private Advisor Group LLC now owns 27,424 shares of the financial services provider's stock valued at $272,000 after purchasing an additional 2,606 shares during the period. Hedge funds and other institutional investors own 24.15% of the company's stock.

BlackRock MuniYield Michigan Quality Fund Stock Up 0.2 %

Shares of NYSE MIY traded up $0.02 during trading hours on Monday, reaching $11.04. The stock had a trading volume of 28,530 shares, compared to its average volume of 51,606. BlackRock MuniYield Michigan Quality Fund, Inc. has a fifty-two week low of $9.45 and a fifty-two week high of $11.70. The firm has a 50-day moving average of $11.39 and a 200-day moving average of $11.06.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.0465 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.56 dividend on an annualized basis and a yield of 5.05%.

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.