BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY - Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.54 and traded as high as $11.61. BlackRock MuniYield Michigan Quality Fund shares last traded at $11.52, with a volume of 41,199 shares changing hands.
BlackRock MuniYield Michigan Quality Fund Trading Up 0.6 %
The firm has a fifty day simple moving average of $11.54 and a 200-day simple moving average of $11.68.
BlackRock MuniYield Michigan Quality Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0545 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.65 annualized dividend and a yield of 5.64%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. FSA Advisors Inc. bought a new position in BlackRock MuniYield Michigan Quality Fund during the 3rd quarter worth $150,000. West Michigan Advisors LLC bought a new position in shares of BlackRock MuniYield Michigan Quality Fund in the third quarter worth $248,000. Wolverine Asset Management LLC raised its stake in BlackRock MuniYield Michigan Quality Fund by 339.5% in the third quarter. Wolverine Asset Management LLC now owns 48,704 shares of the financial services provider's stock valued at $585,000 after purchasing an additional 37,622 shares in the last quarter. AHL Investment Management Inc. lifted its position in BlackRock MuniYield Michigan Quality Fund by 37.2% during the third quarter. AHL Investment Management Inc. now owns 64,900 shares of the financial services provider's stock worth $779,000 after purchasing an additional 17,600 shares during the period. Finally, Stifel Financial Corp grew its stake in BlackRock MuniYield Michigan Quality Fund by 30.4% during the third quarter. Stifel Financial Corp now owns 102,285 shares of the financial services provider's stock worth $1,228,000 after buying an additional 23,850 shares in the last quarter. Institutional investors own 24.15% of the company's stock.
About BlackRock MuniYield Michigan Quality Fund
(
Get Free Report)
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.
Read More
Before you consider BlackRock MuniYield Michigan Quality Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock MuniYield Michigan Quality Fund wasn't on the list.
While BlackRock MuniYield Michigan Quality Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
