Raymond James Financial Services Advisors Inc. cut its holdings in shares of BR-MUNIYLD MI I (NYSE:MIY) by 63.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,939 shares of the financial services provider’s stock after selling 22,020 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BR-MUNIYLD MI I were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Sigma Planning Corp raised its position in shares of BR-MUNIYLD MI I by 31.5% in the 2nd quarter. Sigma Planning Corp now owns 17,767 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 4,252 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV raised its holdings in BR-MUNIYLD MI I by 0.3% during the 2nd quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 21,632 shares of the financial services provider’s stock worth $303,000 after buying an additional 58 shares during the period. Pointe Capital Management LLC raised its holdings in BR-MUNIYLD MI I by 8.0% during the 2nd quarter. Pointe Capital Management LLC now owns 82,059 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 6,100 shares during the period. Finally, IFP Advisors Inc raised its holdings in BR-MUNIYLD MI I by 2.8% during the 2nd quarter. IFP Advisors Inc now owns 23,446 shares of the financial services provider’s stock worth $329,000 after buying an additional 645 shares during the period. Institutional investors own 11.00% of the company’s stock.
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Shares of BR-MUNIYLD MI I (NYSE MIY) opened at $14.03 on Wednesday. BR-MUNIYLD MI I has a fifty-two week low of $13.17 and a fifty-two week high of $14.32.
The business also recently announced a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.064 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.77 annualized dividend and a yield of 5.47%.
BR-MUNIYLD MI I Company Profile
BlackRock MuniYield Michigan Quality Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal and Michigan income taxes as is consistent with its investment policies and prudent investment management.
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