Doliver Capital Advisors LP trimmed its holdings in BR-MUNIYLD MI I (NYSE:MIY) by 28.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,194 shares of the financial services provider’s stock after selling 4,412 shares during the period. Doliver Capital Advisors LP’s holdings in BR-MUNIYLD MI I were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Walter & Keenan Financial Consulting Co. MI ADV raised its position in shares of 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 in the last quarter. IFP Advisors Inc raised its position in shares of 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 in the last quarter. Sigma Planning Corp raised its position in shares of 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 in the last quarter. Finally, Pointe Capital Management LLC raised its position in shares of 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 in the last quarter. Institutional investors own 10.91% of the company’s stock.

Shares of BR-MUNIYLD MI I (NYSE MIY) opened at 13.96 on Friday. The stock has a 50 day moving average of $14.10 and a 200-day moving average of $13.92. BR-MUNIYLD MI I has a 52-week low of $13.17 and a 52-week high of $15.29.

The business also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.064 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Thursday, September 14th.

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BR-MUNIYLD MI I Company 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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