Pointe Capital Management LLC trimmed its position in Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,544 shares of the financial services provider’s stock after selling 4,515 shares during the quarter. Pointe Capital Management LLC owned about 0.26% of Blackrock Muniyield Michign Qulty Fd worth $1,086,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Rehmann Capital Advisory Group raised its stake in shares of Blackrock Muniyield Michign Qulty Fd by 6.1% in the third quarter. Rehmann Capital Advisory Group now owns 66,968 shares of the financial services provider’s stock worth $935,000 after purchasing an additional 3,871 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Blackrock Muniyield Michign Qulty Fd by 32.7% in the third quarter. IFP Advisors Inc now owns 31,121 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 7,675 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Blackrock Muniyield Michign Qulty Fd by 15.2% in the third quarter. Wells Fargo & Company MN now owns 157,481 shares of the financial services provider’s stock worth $2,199,000 after purchasing an additional 20,827 shares during the last quarter. Sit Investment Associates Inc. raised its stake in shares of Blackrock Muniyield Michign Qulty Fd by 14.2% in the fourth quarter. Sit Investment Associates Inc. now owns 413,026 shares of the financial services provider’s stock worth $5,782,000 after purchasing an additional 51,391 shares during the last quarter. Finally, Well Done LLC raised its stake in shares of Blackrock Muniyield Michign Qulty Fd by 51.1% in the third quarter. Well Done LLC now owns 176,038 shares of the financial services provider’s stock worth $2,457,000 after purchasing an additional 59,521 shares during the last quarter. Hedge funds and other institutional investors own 10.15% of the company’s stock.

Blackrock Muniyield Michign Qulty Fd Inc (MIY) traded down $0.04 during trading on Friday, reaching $13.80. The company had a trading volume of 69,088 shares, compared to its average volume of 41,344. Blackrock Muniyield Michign Qulty Fd Inc has a 12-month low of $13.17 and a 12-month high of $14.35.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 16th will be issued a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a yield of 4.96%. The ex-dividend date is Friday, January 12th.

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Blackrock Muniyield Michign Qulty Fd Profile

BlackRock MuniYield Michigan Quality Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal and Michigan income taxes as is consistent with its investment policies and prudent investment management.

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

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