AHL Investment Management Inc. Reduces Holdings in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

AHL Investment Management Inc. lowered its holdings in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 62,400 shares of the financial services provider’s stock after selling 2,500 shares during the period. AHL Investment Management Inc.’s holdings in BlackRock MuniYield Michigan Quality Fund were worth $698,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Melone Private Wealth LLC grew its holdings in BlackRock MuniYield Michigan Quality Fund by 0.5% during the 3rd quarter. Melone Private Wealth LLC now owns 378,496 shares of the financial services provider’s stock worth $4,546,000 after acquiring an additional 1,809 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of BlackRock MuniYield Michigan Quality Fund by 2.0% during the second quarter. Cetera Investment Advisers now owns 179,534 shares of the financial services provider’s stock worth $2,054,000 after purchasing an additional 3,511 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of BlackRock MuniYield Michigan Quality Fund by 2.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 211,192 shares of the financial services provider’s stock worth $2,536,000 after purchasing an additional 5,287 shares during the last quarter. FSA Advisors Inc. acquired a new position in BlackRock MuniYield Michigan Quality Fund in the third quarter worth about $150,000. Finally, West Michigan Advisors LLC bought a new stake in BlackRock MuniYield Michigan Quality Fund in the third quarter valued at about $248,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Trading Up 0.2 %

Shares of NYSE MIY opened at $11.44 on Monday. BlackRock MuniYield Michigan Quality Fund, Inc. has a twelve month low of $10.96 and a twelve month high of $12.11. The business has a 50 day simple moving average of $11.57 and a 200-day simple moving average of $11.68.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0545 dividend. This represents a $0.65 annualized dividend and a dividend yield of 5.72%. The ex-dividend date is Wednesday, January 15th.

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.