BlackRock MuniYield Michigan Quality Fund, Inc. $MIY Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. lessened its stake in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 30.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,450 shares of the financial services provider’s stock after selling 3,750 shares during the period. Harbour Investments Inc.’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $93,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently 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 $46,000. Shufro Rose & Co. LLC boosted 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 acquiring 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 $282,000. Foresight Capital Management Advisors Inc. boosted 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 acquiring an additional 2,199 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in shares of BlackRock MuniYield Michigan Quality Fund by 66.2% during the first quarter. Axxcess Wealth Management LLC now owns 32,000 shares of the financial services provider’s stock worth $364,000 after buying an additional 12,750 shares during the period. Institutional investors and hedge funds own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Trading Up 0.1%

Shares of MIY opened at $11.48 on Friday. BlackRock MuniYield Michigan Quality Fund, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $12.09. The firm has a 50-day simple moving average of $11.32 and a 200-day simple moving average of $11.21.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.0545 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 5.7%.

BlackRock MuniYield Michigan Quality Fund Company 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.