BlackRock MuniYield Michigan Quality Fund (MIY)

• Market cap: $337M
• 1 day: 0.35%
• 5 days: -0.43%
• 1 month: 1.57%
• 3 months: -1.61%
• 6 months: -3.01%
• Year to date: 2.65%
• 1 year: 0.87%
• 5 years: -10.55%
• 10 years: -16.70%

About: Blackrock Muniyield Michigan Quality Fund Inc is a closed end fund. Its investment objective is to provide shareholders with as high a level of current income exempt from U.S. federal income taxes and New York State and New York City personal income taxes as is consistent with its investment policies and prudent investment management.

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

31% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 13

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

0.75% less ownership

Funds ownership: 22.14% [Q3] → 21.39% (-0.75%) [Q4]

2% less funds holding

Funds holding: 59 [Q3] → 58 (-1) [Q4]

10% less capital invested

Capital invested by funds: $77.1M [Q3] → $69.5M (-$7.61M) [Q4]