Blackrock Muniyield Michign Qulty Fd (NYSE:MIY) Share Price Crosses Below 50 Day Moving Average of $14.05

Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.05 and traded as low as $13.91. Blackrock Muniyield Michign Qulty Fd shares last traded at $13.91, with a volume of 41,529 shares traded.

The business has a 50-day moving average price of $14.05 and a two-hundred day moving average price of $13.65.

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a dividend of $0.056 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 4.83%. This is a positive change from Blackrock Muniyield Michign Qulty Fd’s previous monthly dividend of $0.05.

Several institutional investors have recently bought and sold shares of MIY. UBS Group AG increased its position in shares of Blackrock Muniyield Michign Qulty Fd by 62.8% during the second quarter. UBS Group AG now owns 187,727 shares of the financial services provider’s stock worth $2,546,000 after acquiring an additional 72,439 shares during the period. RMB Capital Management LLC purchased a new stake in shares of Blackrock Muniyield Michign Qulty Fd during the second quarter worth $738,000. Walter & Keenan Financial Consulting Co. MI ADV purchased a new position in Blackrock Muniyield Michign Qulty Fd in the second quarter valued at $646,000. Karpus Management Inc. increased its holdings in Blackrock Muniyield Michign Qulty Fd by 8.0% in the second quarter. Karpus Management Inc. now owns 625,542 shares of the financial services provider’s stock valued at $8,482,000 after buying an additional 46,136 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Blackrock Muniyield Michign Qulty Fd by 27.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 196,973 shares of the financial services provider’s stock valued at $2,671,000 after buying an additional 41,911 shares during the last quarter.

About Blackrock Muniyield Michign Qulty Fd (NYSE:MIY)

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.

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