BlackRock MuniYield Michigan Quality Fund, Inc. $MIY Holdings Reduced by Fiera Capital Corp

Fiera Capital Corp decreased its holdings in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 261,335 shares of the financial services provider’s stock after selling 4,509 shares during the quarter. Fiera Capital Corp’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $2,885,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MIY. Melone Private Wealth LLC increased its position in shares of BlackRock MuniYield Michigan Quality Fund by 2.3% during the 2nd quarter. Melone Private Wealth LLC now owns 377,621 shares of the financial services provider’s stock valued at $4,131,000 after purchasing an additional 8,364 shares during the period. Kestra Advisory Services LLC grew its stake in shares of BlackRock MuniYield Michigan Quality Fund by 19.6% in the 1st quarter. Kestra Advisory Services LLC now owns 255,984 shares of the financial services provider’s stock worth $2,913,000 after purchasing an additional 41,945 shares during the last quarter. FSA Advisors Inc. raised its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 117.0% in the 2nd quarter. FSA Advisors Inc. now owns 218,413 shares of the financial services provider’s stock worth $2,411,000 after purchasing an additional 117,754 shares in the last quarter. Melfa Wealth Management Inc. lifted its stake in BlackRock MuniYield Michigan Quality Fund by 6.8% during the second quarter. Melfa Wealth Management Inc. now owns 52,790 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 3,363 shares during the last quarter. Finally, Capital Asset Advisory Services LLC boosted its holdings in BlackRock MuniYield Michigan Quality Fund by 8.4% during the second quarter. Capital Asset Advisory Services LLC now owns 34,700 shares of the financial services provider’s stock worth $385,000 after buying 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 Performance

BlackRock MuniYield Michigan Quality Fund stock opened at $11.51 on Friday. BlackRock MuniYield Michigan Quality Fund, Inc. has a 1 year low of $10.57 and a 1 year high of $12.09. The firm’s 50 day moving average price is $11.44 and its two-hundred day moving average price is $11.26.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.0545 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

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.