Foresight Capital Management Advisors Inc. Invests $195,000 in BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY)

Foresight Capital Management Advisors Inc. acquired a new position in shares of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIYFree Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,151 shares of the financial services provider’s stock, valued at approximately $195,000. Foresight Capital Management Advisors Inc. owned about 0.06% of BlackRock MuniYield Michigan Quality Fund at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Saba Capital Management L.P. lifted its position in shares of BlackRock MuniYield Michigan Quality Fund by 70.4% during the third quarter. Saba Capital Management L.P. now owns 664,020 shares of the financial services provider’s stock valued at $6,594,000 after buying an additional 274,244 shares during the last quarter. Rivernorth Capital Management LLC lifted its position in BlackRock MuniYield Michigan Quality Fund by 73.1% during the second quarter. Rivernorth Capital Management LLC now owns 357,082 shares of the financial services provider’s stock valued at $3,946,000 after acquiring an additional 150,768 shares during the last quarter. Logan Stone Capital LLC acquired a new stake in BlackRock MuniYield Michigan Quality Fund in the fourth quarter valued at approximately $1,200,000. AQR Arbitrage LLC grew its holdings in BlackRock MuniYield Michigan Quality Fund by 90.2% in the third quarter. AQR Arbitrage LLC now owns 205,914 shares of the financial services provider’s stock worth $2,045,000 after purchasing an additional 97,635 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of BlackRock MuniYield Michigan Quality Fund by 21.7% during the fourth quarter. Morgan Stanley now owns 413,947 shares of the financial services provider’s stock worth $4,591,000 after purchasing an additional 73,905 shares in the last quarter. Institutional investors own 19.63% of the company’s stock.

BlackRock MuniYield Michigan Quality Fund Price Performance

BlackRock MuniYield Michigan Quality Fund stock opened at $11.47 on Monday. BlackRock MuniYield Michigan Quality Fund, Inc. has a 1-year low of $9.45 and a 1-year high of $11.70. The business has a fifty day moving average price of $11.38 and a 200-day moving average price of $10.83.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a $0.0465 dividend. This represents a $0.56 annualized dividend and a yield of 4.86%. The ex-dividend date is Thursday, March 14th.

BlackRock MuniYield Michigan Quality Fund Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for BlackRock MuniYield Michigan Quality Fund (NYSE:MIY)

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