Ownership Don’t Lie: Blackrock Muniyield Michigan Quality Fund Inc (NYSE:MIY): Stock Institutional Investors Feel Good About

November 18, 2016 - By Marguerite Chambers   ·   0 Comments

Ownership Don't Lie: Blackrock Muniyield Michigan Quality Fund Inc (NYSE:MIY): Stock Institutional Investors  Feel Good About

Sentiment for Blackrock Muniyield Michigan Quality Fund Inc (NYSE:MIY)

Blackrock Muniyield Michigan Quality Fund Inc (NYSE:MIY) institutional sentiment increased to 1.18 in 2016 Q2. Its up 0.83, from 0.35 in 2016Q1. The ratio is more positive, as 7 active investment managers opened new or increased holdings, while 20 decreased and sold stock positions in Blackrock Muniyield Michigan Quality Fund Inc. The active investment managers in our partner’s database now own: 1.97 million shares, up from 1.78 million shares in 2016Q1. Also, the number of active investment managers holding Blackrock Muniyield Michigan Quality Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 13 Increased: 2 New Position: 5.

BlackRock MuniYield Michigan Quality Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $399.48 million. 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. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and Michigan income taxes.

The stock decreased 0.81% or $0.11 on November 17, hitting $13.48. Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY) has declined 10.19% since April 18, 2016 and is downtrending. It has underperformed by 14.62% the S&P500.

Mackay Shields Llc holds 0.24% of its portfolio in Blackrock Muniyield Michign Qulty Fd Inc for 309,829 shares. Karpus Management Inc. owns 272,427 shares or 0.22% of their US portfolio. Moreover, Doliver Capital Advisors Inc. has 0.14% invested in the company for 10,258 shares. The Minnesota-based Sit Investment Associates Inc has invested 0.14% in the stock. Clenar Muke Llc, a Michigan-based fund reported 11,300 shares.#img1#

MIY Company Profile

BlackRock MuniYield Michigan Insured Fund, Inc. (the Fund), is a non-diversified, closed-end management investment company. The Fund seeks to provide a high level of current income exempt from federal income tax and Michigan income taxes by investing primarily in a portfolio of long-term municipal obligations, the interest on which is exempt from federal income tax and Michigan income taxes. BlackRock Advisors, LLC acts as the Funds manager. BlackRock Advisors, LLC is an indirect, wholly owned subsidiary of BlackRock, Inc. Merrill Lynch & Co., Inc. (Merrill Lynch) and The PNC Financial Services Group, Inc. are principal owners of BlackRock, Inc.

More recent Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY) news were published by: Businesswire.com which released: “BlackRock Announces Closing of Reorganization of Two BlackRock Michigan …” on September 14, 2015. Also Businesswire.com published the news titled: “Fitch Affirms VRDP, VMTP, and RVMTP Shares Issued by 49 BlackRock Closed-End Funds” on May 05, 2014. Wsj.com‘s news article titled: “Sizing Up Discounted Muni Closed-End Bond Funds” with publication date: August 15, 2013 was also an interesting one.

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By Marguerite Chambers


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