Walter & Keenan Financial Consulting Co. MI ADV increased its position in BR-MUNIYLD MI I (NYSE:MIY) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,632 shares of the financial services provider’s stock after buying an additional 58 shares during the period. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in BR-MUNIYLD MI I were worth $303,000 as of its most recent SEC filing.

Separately, Pointe Capital Management LLC boosted its stake in shares of BR-MUNIYLD MI I by 8.0% in the second quarter. Pointe Capital Management LLC now owns 82,059 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 6,100 shares in the last quarter. Hedge funds and other institutional investors own 13.68% of the company’s stock.

Shares of BR-MUNIYLD MI I (NYSE:MIY) opened at 14.10 on Thursday. BR-MUNIYLD MI I has a 12 month low of $13.17 and a 12 month high of $15.40. The firm has a 50 day moving average price of $14.13 and a 200-day moving average price of $13.83.

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.064 dividend. This represents a $0.77 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Friday, August 11th.

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BR-MUNIYLD MI I Company Profile

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.

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