MIY:NYE-Blackrock MuniYield Michigan Quality Fund Inc. (USD)

ETF | Security & Protection Services | New York Stock Exchange

Last Closing

USD 12.03

Change

+0.05 (+0.42)%

Market Cap

USD 0.40B

Volume

0.04M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Seeks to provide shareholders with as high a level of current income exempt from federal income tax and Michigan income taxes as is consistent with its investment policies and prudent investment management by investing primarily in a portfolio of long-term municipal obligations the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income tax and Michigan income taxes.

Inception Date: 30/10/1992

Primary Benchmark: BBgBarc Municipal TR USD

Primary Index: BBgBarc Municipal TR USD

Gross Expense Ratio: 1.54%

Management Expense Ratio:

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Holdings

N/A

Top Sectors

N/A

Top Regions

N/A

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-09-13 )

Largest Industry Peers for Security & Protection Services

Symbol Name Mer Price(Change) Market Cap
ALLE Allegion PLC 0.00 %

+0.65 (+0.46%)

USD 12.43B
MSA MSA Safety 0.00 %

+0.99 (+0.55%)

USD 7.02B
ADT ADT Inc 0.00 %

+0.13 (+1.85%)

USD 6.49B
BCO Brinks Company 0.00 %

-0.26 (-0.23%)

USD 4.89B
BRC Brady Corporation 0.00 %

-0.86 (-1.15%)

USD 3.44B
PTY PIMCO Corporate & Income Oppor.. 0.00 %

N/A

USD 3.29B
GEO Geo Group Inc 0.00 %

-0.28 (-2.13%)

USD 1.81B
CXW CoreCivic Inc 0.00 %

+0.02 (+0.15%)

USD 1.44B
CIX CompX International Inc 0.00 %

-0.34 (-1.18%)

USD 0.35B
MG Mistras Group Inc 0.00 %

-0.05 (-0.47%)

USD 0.33B

ETFs Containing MIY

N/A

Market Performance

  Market Performance vs. Industry/Classification (Security & Protection Services) Market Performance vs. Exchange (New York Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 5.90% 38% F 48% F
Dividend Return 3.68% 67% D+ 68% D+
Total Return 9.58% 38% F 52% F
Trailing 12 Months  
Capital Gain 15.01% 38% F 60% D-
Dividend Return 4.66% 67% D+ 62% D
Total Return 19.67% 38% F 62% D
Trailing 5 Years  
Capital Gain -12.57% 38% F 30% F
Dividend Return 19.60% 73% C 67% D+
Total Return 7.03% 31% F 34% F
Average Annual (5 Year Horizon)  
Capital Gain -4.44% 8% B- 18% F
Dividend Return -0.36% 8% B- 23% F
Total Return 4.08% 73% C 72% C
Risk Return Profile  
Volatility (Standard Deviation) 12.63% 100% F 71% C-
Risk Adjusted Return -2.87% 8% B- 23% F
Market Capitalization 0.40B 17% F 32% F

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.