Blackrock Muniyield Michign Qulty Fd Inc (MIY) Stake Increased by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its holdings in Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY) by 14.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 413,026 shares of the financial services provider’s stock after buying an additional 51,391 shares during the quarter. Sit Investment Associates Inc.’s holdings in Blackrock Muniyield Michign Qulty Fd were worth $5,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MIY. Well Done LLC lifted its holdings in shares of Blackrock Muniyield Michign Qulty Fd by 51.1% in the 3rd quarter. Well Done LLC now owns 176,038 shares of the financial services provider’s stock valued at $2,457,000 after buying an additional 59,521 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Blackrock Muniyield Michign Qulty Fd by 15.2% in the 3rd quarter. Wells Fargo & Company MN now owns 157,481 shares of the financial services provider’s stock valued at $2,199,000 after buying an additional 20,827 shares during the period. IFP Advisors Inc lifted its holdings in shares of Blackrock Muniyield Michign Qulty Fd by 32.7% in the 3rd quarter. IFP Advisors Inc now owns 31,121 shares of the financial services provider’s stock valued at $434,000 after buying an additional 7,675 shares during the period. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Blackrock Muniyield Michign Qulty Fd by 6.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 66,968 shares of the financial services provider’s stock valued at $935,000 after buying an additional 3,871 shares during the period. 10.15% of the stock is owned by institutional investors and hedge funds.

Shares of Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY) opened at $13.80 on Friday. Blackrock Muniyield Michign Qulty Fd Inc has a 1-year low of $13.17 and a 1-year high of $14.35.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Tuesday, January 16th will be issued a $0.057 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.96%.

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About Blackrock Muniyield Michign Qulty Fd

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.

Want to see what other hedge funds are holding MIY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY).

Institutional Ownership by Quarter for Blackrock Muniyield Michign Qulty Fd (NYSE:MIY)

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