Stifel Financial Corp Grows Holdings in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

Stifel Financial Corp lifted its position in shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 30.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,285 shares of the financial services provider’s stock after acquiring an additional 23,850 shares during the quarter. Stifel Financial Corp owned 0.35% of BlackRock MuniYield Michigan Quality Fund worth $1,228,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wolverine Asset Management LLC acquired a new stake in BlackRock MuniYield Michigan Quality Fund in the 2nd quarter valued at $127,000. FSA Advisors Inc. acquired a new stake in shares of BlackRock MuniYield Michigan Quality Fund in the third quarter valued at about $150,000. West Michigan Advisors LLC purchased a new stake in shares of BlackRock MuniYield Michigan Quality Fund during the third quarter worth about $248,000. Commonwealth Equity Services LLC raised its position in shares of BlackRock MuniYield Michigan Quality Fund by 5.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 66,102 shares of the financial services provider’s stock worth $756,000 after purchasing an additional 3,405 shares during the last quarter. Finally, AHL Investment Management Inc. raised its position in shares of BlackRock MuniYield Michigan Quality Fund by 37.2% during the 3rd quarter. AHL Investment Management Inc. now owns 64,900 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 17,600 shares during the last quarter. 24.15% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Michigan Quality Fund Trading Down 0.4 %

MIY stock opened at $11.36 on Monday. BlackRock MuniYield Michigan Quality Fund, Inc. has a 12-month low of $10.96 and a 12-month high of $12.11. The business’s 50-day moving average is $11.73 and its 200 day moving average is $11.69.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend is Monday, December 16th.

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.