Keybank National Association OH lowered its holdings in BR-MUNIYLD MI I (NYSE:MIY) by 2.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,900 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. Keybank National Association OH owned 0.22% of BR-MUNIYLD MI I worth $897,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Walter & Keenan Financial Consulting Co. MI ADV grew its holdings in BR-MUNIYLD MI I by 0.3% in the 2nd 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 grew its holdings in shares of BR-MUNIYLD MI I by 2.8% during the 2nd quarter. IFP Advisors Inc now owns 23,446 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 645 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of BR-MUNIYLD MI I by 31.5% during the 2nd quarter. Sigma Planning Corp now owns 17,767 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 4,252 shares in the last quarter. Finally, Pointe Capital Management LLC grew its holdings in shares of BR-MUNIYLD MI I by 8.0% during the 2nd quarter. Pointe Capital Management LLC now owns 82,059 shares of the financial services provider’s stock worth $1,151,000 after purchasing an additional 6,100 shares in the last quarter. 10.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BR-MUNIYLD MI I (MIY) opened at 14.02 on Friday. BR-MUNIYLD MI I has a one year low of $13.17 and a one year high of $15.30. The stock’s 50 day moving average price is $14.10 and its 200 day moving average price is $13.92.
The business also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.064 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.77 annualized dividend and a yield of 5.48%.
About BR-MUNIYLD MI I
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.
Receive News & Ratings for BR-MUNIYLD MI I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BR-MUNIYLD MI I and related companies with our FREE daily email newsletter.