Walter & Keenan Wealth Management LLC IN ADV Has $136,000 Stock Position in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

Walter & Keenan Wealth Management LLC IN ADV lowered its position in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 27.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,350 shares of the financial services provider’s stock after selling 4,365 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new stake in BlackRock MuniYield Michigan Quality Fund in the 2nd quarter valued at about $127,000. FSA Advisors Inc. acquired a new stake in BlackRock MuniYield Michigan Quality Fund in the 3rd quarter valued at about $150,000. Axxcess Wealth Management LLC increased its position in BlackRock MuniYield Michigan Quality Fund by 7.7% in the 1st quarter. Axxcess Wealth Management LLC now owns 18,150 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 1,300 shares in the last quarter. Rockport Wealth LLC acquired a new stake in BlackRock MuniYield Michigan Quality Fund in the 1st quarter valued at about $222,000. Finally, West Michigan Advisors LLC acquired a new stake in BlackRock MuniYield Michigan Quality Fund in the 3rd quarter valued at about $248,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Stock Performance

MIY opened at $11.52 on Wednesday. BlackRock MuniYield Michigan Quality Fund, Inc. has a 1-year low of $9.49 and a 1-year high of $12.11. The firm has a 50-day moving average price of $11.85 and a two-hundred day moving average price of $11.55.

BlackRock MuniYield Michigan Quality Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.0545 dividend. This represents a $0.65 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from BlackRock MuniYield Michigan Quality Fund’s previous monthly dividend of $0.05.

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.