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

RWA Wealth Partners LLC lessened its stake in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,550 shares of the financial services provider’s stock after selling 3,500 shares during the period. RWA Wealth Partners LLC’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MIY. Rivernorth Capital Management LLC increased its stake in BlackRock MuniYield Michigan Quality Fund by 6.6% in the 3rd 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 period. Stifel Financial Corp raised its holdings in BlackRock MuniYield Michigan Quality Fund by 30.4% during the 3rd quarter. Stifel Financial Corp now owns 102,285 shares of the financial services provider’s stock valued at $1,228,000 after buying an additional 23,850 shares during the last quarter. Raymond James Financial Inc. bought a new stake in BlackRock MuniYield Michigan Quality Fund during the 4th quarter valued at $928,000. PNC Financial Services Group Inc. purchased a new stake in BlackRock MuniYield Michigan Quality Fund during the 4th quarter valued at $154,000. Finally, LPL Financial LLC grew its holdings in BlackRock MuniYield Michigan Quality Fund by 55.4% in the 4th quarter. LPL Financial LLC now owns 117,812 shares of the financial services provider’s stock worth $1,317,000 after acquiring an additional 41,989 shares during the last quarter. Institutional investors own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Stock Up 1.0 %

Shares of NYSE:MIY opened at $11.49 on Wednesday. The company has a 50-day moving average price of $11.53 and a 200-day moving average price of $11.63. BlackRock MuniYield Michigan Quality Fund, Inc. has a 12 month low of $10.97 and a 12 month high of $12.11.

BlackRock MuniYield Michigan Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.0545 per share. This represents a $0.65 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Friday, March 14th.

About BlackRock MuniYield Michigan Quality Fund

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.