BlackRock MuniYield Michigan Quality Fund (NYSE:MIY) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE:MIY) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.73 and traded as high as $12.22. BlackRock MuniYield Michigan Quality Fund shares last traded at $12.1950, with a volume of 40,891 shares.

BlackRock MuniYield Michigan Quality Fund Price Performance

The business’s fifty day moving average is $11.73 and its 200-day moving average is $11.40.

BlackRock MuniYield Michigan Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.0545 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in BlackRock MuniYield Michigan Quality Fund by 1.7% during the third quarter. Bank of America Corp DE now owns 297,871 shares of the financial services provider’s stock valued at $3,360,000 after acquiring an additional 4,943 shares during the period. FSA Advisors Inc. raised its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 117.0% in the 2nd quarter. FSA Advisors Inc. now owns 218,413 shares of the financial services provider’s stock worth $2,411,000 after purchasing an additional 117,754 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of BlackRock MuniYield Michigan Quality Fund by 1.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 138,143 shares of the financial services provider’s stock valued at $1,622,000 after purchasing an additional 1,661 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 30.3% during the 3rd quarter. Raymond James Financial Inc. now owns 126,408 shares of the financial services provider’s stock worth $1,426,000 after purchasing an additional 29,411 shares during the period. Finally, Melfa Wealth Management Inc. grew its holdings in shares of BlackRock MuniYield Michigan Quality Fund by 6.8% during the 2nd quarter. Melfa Wealth Management Inc. now owns 52,790 shares of the financial services provider’s stock worth $583,000 after purchasing an additional 3,363 shares during the period. Institutional investors and hedge funds own 24.15% of the company’s stock.

About BlackRock MuniYield Michigan Quality Fund

BlackRock MuniYield Michigan Quality Fund (NYSE: MIY) is a closed-end management investment company that seeks to provide current income exempt from federal and Michigan personal income taxes. The fund primarily invests in investment-grade municipal securities issued by state and local governments within Michigan. Its portfolio typically includes a diversified mix of general obligation bonds and revenue bonds backed by public utilities, transportation projects, and other essential municipal services.

The fund’s investment strategy emphasizes credit quality and diversification across sectors and maturities.