RWA Wealth Partners LLC Sells 3,500 Shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

RWA Wealth Partners LLC trimmed its position in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,550 shares of the financial services provider’s stock after selling 3,500 shares during the period. RWA Wealth Partners LLC owned 0.07% of BlackRock MuniYield Michigan Quality Fund worth $241,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in BlackRock MuniYield Michigan Quality Fund during the fourth quarter valued at $154,000. Stifel Financial Corp grew its holdings in shares of 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 purchasing an additional 23,850 shares in the last quarter. Rivernorth Capital Management LLC increased its position in shares of BlackRock MuniYield Michigan Quality Fund by 6.6% in the third quarter. Rivernorth Capital Management LLC now owns 404,338 shares of the financial services provider’s stock worth $4,856,000 after purchasing an additional 25,000 shares during the last quarter. LPL Financial LLC increased its position in shares of BlackRock MuniYield Michigan Quality Fund by 55.4% in the fourth quarter. LPL Financial LLC now owns 117,812 shares of the financial services provider’s stock worth $1,317,000 after purchasing an additional 41,989 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in BlackRock MuniYield Michigan Quality Fund in the fourth quarter valued at approximately $928,000. 24.15% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Michigan Quality Fund Price Performance

MIY stock opened at $11.49 on Wednesday. The firm has a 50 day simple moving average of $11.53 and a two-hundred day simple moving average of $11.63. BlackRock MuniYield Michigan Quality Fund, Inc. has a one year low of $10.97 and a one year high of $12.11.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.0545 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.65 annualized dividend and a yield of 5.69%.

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.