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2023-04-06 05:41
BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY – Get Rating) announced a monthly dividend on Wednesday, April 5th, Wall Street Journal reports. Stockholders of record on Friday, April 14th will be given a dividend of 0.0345 per share by the financial services provider on Monday, May 1st. This represents a $0.41 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Thursday, April 13th.
Shares of MIY traded up $0.05 during trading hours on Wednesday, hitting $11.18. 46,256 shares of the stock traded hands, compared to its average volume of 68,812. BlackRock MuniYield Michigan Quality Fund has a 1-year low of $10.56 and a 1-year high of $13.90. The business has a fifty day moving average of $11.34 and a 200-day moving average of $11.49.
Get BlackRock MuniYield Michigan Quality Fund alerts:Several large investors have recently made changes to their positions in MIY. Bank of Montreal Can acquired a new position in shares of BlackRock MuniYield Michigan Quality Fund during the first quarter valued at $180,000. Cetera Investment Advisers increased its holdings in BlackRock MuniYield Michigan Quality Fund by 7.8% in the first quarter. Cetera Investment Advisers now owns 61,551 shares of the financial services provider's stock valued at $788,000 after purchasing an additional 4,441 shares during the last quarter. Baird Financial Group Inc. increased its holdings in BlackRock MuniYield Michigan Quality Fund by 1.1% in the first quarter. Baird Financial Group Inc. now owns 87,248 shares of the financial services provider's stock valued at $1,118,000 after purchasing an additional 991 shares during the last quarter. West Michigan Advisors LLC bought a new stake in BlackRock MuniYield Michigan Quality Fund in the first quarter valued at about $161,000. Finally, UBS Group AG increased its holdings in BlackRock MuniYield Michigan Quality Fund by 7.6% in the first quarter. UBS Group AG now owns 42,201 shares of the financial services provider's stock valued at $541,000 after purchasing an additional 2,964 shares during the last quarter. Institutional investors and hedge funds own 15.96% of the company's stock.
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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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