City of London Investment Management Co. Ltd. Purchases New Stake in Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY)

City of London Investment Management Co. Ltd. acquired a new position in Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,483 shares of the financial services provider’s stock, valued at approximately $194,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Executive Wealth Management LLC acquired a new position in shares of Blackrock Muniyield Michign Qulty Fd in the fourth quarter worth about $55,000. Advisor Group Inc. boosted its holdings in shares of Blackrock Muniyield Michign Qulty Fd by 114.9% in the fourth quarter. Advisor Group Inc. now owns 6,235 shares of the financial services provider’s stock worth $77,000 after buying an additional 3,333 shares during the period. NEXT Financial Group Inc acquired a new position in shares of Blackrock Muniyield Michign Qulty Fd in the fourth quarter worth about $120,000. Acorn Wealth Advisors LLC boosted its holdings in shares of Blackrock Muniyield Michign Qulty Fd by 8.4% in the first quarter. Acorn Wealth Advisors LLC now owns 13,483 shares of the financial services provider’s stock worth $181,000 after buying an additional 1,040 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Blackrock Muniyield Michign Qulty Fd in the fourth quarter worth about $355,000. 18.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MIY stock traded down $0.02 during trading on Friday, hitting $13.74. 32,300 shares of the company were exchanged, compared to its average volume of 42,278. The business’s 50-day moving average is $13.66. Blackrock Muniyield Michign Qulty Fd Inc has a twelve month low of $12.15 and a twelve month high of $13.78.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a yield of 4.54%. The ex-dividend date is Thursday, June 13th.

About Blackrock Muniyield Michign Qulty Fd

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.

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Institutional Ownership by Quarter for Blackrock Muniyield Michign Qulty Fd (NYSE:MIY)

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