Axxcess Wealth Management LLC Acquires 2,700 Shares of BlackRock MuniYield Michigan Quality Fund, Inc. $MIY

Axxcess Wealth Management LLC boosted its stake in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 8.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,700 shares of the financial services provider’s stock after purchasing an additional 2,700 shares during the quarter. Axxcess Wealth Management LLC’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group acquired a new position in BlackRock MuniYield Michigan Quality Fund in the second quarter valued at about $46,000. Shufro Rose & Co. LLC raised its stake in BlackRock MuniYield Michigan Quality Fund by 40.0% in the first quarter. Shufro Rose & Co. LLC now owns 17,500 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 5,000 shares in the last quarter. Summit Financial Consulting LLC acquired a new position in BlackRock MuniYield Michigan Quality Fund in the first quarter valued at about $282,000. Foresight Capital Management Advisors Inc. raised its stake in BlackRock MuniYield Michigan Quality Fund by 8.3% in the second quarter. Foresight Capital Management Advisors Inc. now owns 28,723 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 2,199 shares in the last quarter. Finally, Capital Asset Advisory Services LLC raised its stake in BlackRock MuniYield Michigan Quality Fund by 8.4% in the second quarter. Capital Asset Advisory Services LLC now owns 34,700 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Stock Down 0.4%

MIY stock opened at $11.45 on Friday. The business has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $11.21. BlackRock MuniYield Michigan Quality Fund, Inc. has a 52 week low of $10.57 and a 52 week high of $12.09.

BlackRock MuniYield Michigan Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a $0.0545 dividend. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, October 15th.

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.