Transcend Capital Advisors LLC Sells 9,500 Shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

Transcend Capital Advisors LLC lowered its position in shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,573 shares of the financial services provider’s stock after selling 9,500 shares during the quarter. Transcend Capital Advisors LLC owned about 0.13% of BlackRock MuniYield Michigan Quality Fund worth $420,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Rivernorth Capital Management LLC boosted its position in BlackRock MuniYield Michigan Quality Fund by 6.6% during the third quarter. Rivernorth Capital Management LLC now owns 404,338 shares of the financial services provider’s stock valued at $4,856,000 after acquiring an additional 25,000 shares during the last quarter. Stifel Financial Corp boosted its position 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 valued at $1,228,000 after acquiring an additional 23,850 shares during the last quarter. Wolverine Asset Management LLC boosted its position in BlackRock MuniYield Michigan Quality Fund by 339.5% during the third quarter. Wolverine Asset Management LLC now owns 48,704 shares of the financial services provider’s stock valued at $585,000 after acquiring an additional 37,622 shares during the last quarter. AHL Investment Management Inc. boosted 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 valued at $779,000 after acquiring an additional 17,600 shares during the last quarter. Finally, FSA Advisors Inc. bought a new stake in BlackRock MuniYield Michigan Quality Fund during the third quarter valued at $150,000. Institutional investors own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Stock Up 0.3 %

Shares of MIY opened at $11.61 on Friday. The firm’s fifty day simple moving average is $11.44 and its two-hundred day simple moving average is $11.68. BlackRock MuniYield Michigan Quality Fund, Inc. has a 12 month low of $10.97 and a 12 month high of $12.11.

BlackRock MuniYield Michigan Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.0545 per share. The ex-dividend date is Friday, February 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.63%.

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.