Institutional Investors Are Buying Blackrock Muniyield Michigan Quality Fund Inc (NYSE:MIY)

June 20, 2017 - By Maria Brooks

 Institutional Investors Are Buying Blackrock Muniyield Michigan Quality Fund Inc (NYSE:MIY)

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

Blackrock Muniyield Michigan Quality Fund Inc (NYSE:MIY) institutional sentiment increased to 3.6 in 2016 Q4. Its up 2.42, from 1.18 in 2016Q3. The ratio has improved, as 18 investment professionals opened new and increased equity positions, while 5 sold and decreased their stakes in Blackrock Muniyield Michigan Quality Fund Inc. The investment professionals in our partner’s database now have: 6.58 million shares, up from 2.08 million shares in 2016Q3. Also, the number of investment professionals holding Blackrock Muniyield Michigan Quality Fund Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 4 Increased: 11 New Position: 7.

BlackRock MuniYield Michigan Quality Fund, Inc. is a non-diversified, closed-end management investment company. The company has market cap of $415.87 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.

About 972 shares traded. Blackrock Muniyield Michign Qulty Fd Inc (NYSE:MIY) has declined 6.97% since June 20, 2016 and is downtrending. It has underperformed by 23.67% the S&P500.

Karpus Management Inc. holds 0.5% of its portfolio in Blackrock Muniyield Michign Qulty Fd Inc for 645,604 shares. Mackay Shields Llc owns 451,928 shares or 0.29% of their US portfolio. Moreover, Landscape Capital Management L.L.C. has 0.25% invested in the company for 132,720 shares. The Indiana-based Walter & Keenan Financial Consulting Co Mi Adv has invested 0.16% in the stock. Sit Investment Associates Inc, a Minnesota-based fund reported 385,477 shares.#img1#

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