Mackay Shields adds Blackrock Muniyield Michign Qulty Fd Inc (MIY) to its portfolio

Blackrock Muniyield Michign Qulty Fd Inc (MIY) : Mackay Shields added new position in Blackrock Muniyield Michign Qulty Fd Inc during the most recent quarter end. The investment management firm now holds 309,829 shares of Blackrock Muniyield Michign Qulty Fd Inc which is valued at $4,746,580 , the company said in a statement filed on Jul 25, 2016 with the SEC.Blackrock Muniyield Michign Qulty Fd Inc makes up approximately 0.96% of Mackay Shields’s portfolio.

Other Hedge Funds, Including , Rehmann Capital Advisory Group boosted its stake in MIY in the latest quarter, The investment management firm added 158 additional shares and now holds a total of 66,429 shares of Blackrock Muniyield Michign Qulty Fd Inc which is valued at $1,017,692. Blackrock Muniyield Michign Qulty Fd Inc makes up approx 0.19% of Rehmann Capital Advisory Group’s portfolio.Sigma Planning Corp reduced its stake in MIY by selling 2,681 shares or 17.12% in the most recent quarter. The Hedge Fund company now holds 12,975 shares of MIY which is valued at $198,907. Blackrock Muniyield Michign Qulty Fd Inc makes up approx 0.03% of Sigma Planning Corp’s portfolio. Creative Planning added MIY to its portfolio by purchasing 2,809 company shares during the most recent quarter which is valued at $43,511.

Blackrock Muniyield Michign Qulty Fd Inc opened for trading at $15.35 and hit $15.38 on the upside on Friday, eventually ending the session at $15.38, with a gain of 0.46% or 0.07 points. The heightened volatility saw the trading volume jump to 22,764 shares. Company has a market cap of $279 M.

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. 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. Generally the Fund invests primarily in long-term municipal obligations that are investment grade quality at the time of investment. The Fund invests in education health county/city/special district/school district utilities transportation state housing and corporate sectors. BlackRock Advisors LLC is the investment advisor of the Fund.

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