Sii Investments Inc. WI continued to hold its stake in shares of BR-MUNIYLD MI I (NYSE:MIY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,266 shares of the financial services provider’s stock at the end of the 2nd quarter. Sii Investments Inc. WI owned approximately 0.08% of BR-MUNIYLD MI I worth $312,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sigma Planning Corp increased its holdings in BR-MUNIYLD MI I by 31.5% in the second quarter. Sigma Planning Corp now owns 17,767 shares of the financial services provider’s stock valued at $249,000 after buying an additional 4,252 shares during the last quarter. Walter & Keenan Financial Consulting Co. MI ADV increased its holdings in BR-MUNIYLD MI I by 0.3% in the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 21,632 shares of the financial services provider’s stock valued at $303,000 after buying an additional 58 shares during the last quarter. IFP Advisors Inc increased its holdings in BR-MUNIYLD MI I by 2.8% in the second quarter. IFP Advisors Inc now owns 23,446 shares of the financial services provider’s stock valued at $329,000 after buying an additional 645 shares during the last quarter. Finally, Pointe Capital Management LLC increased its holdings in BR-MUNIYLD MI I by 8.0% in the second quarter. Pointe Capital Management LLC now owns 82,059 shares of the financial services provider’s stock valued at $1,151,000 after buying an additional 6,100 shares during the last quarter. 10.91% of the stock is owned by hedge funds and other institutional investors.

Shares of BR-MUNIYLD MI I (MIY) opened at 13.95 on Friday. BR-MUNIYLD MI I has a one year low of $13.17 and a one year high of $15.00. The company has a 50-day moving average price of $14.07 and a 200 day moving average price of $13.98.

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 16th will be paid a $0.064 dividend. This represents a $0.77 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Friday, October 13th.

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BR-MUNIYLD MI I 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 BR-MUNIYLD MI I (NYSE:MIY)

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