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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
03/21/2024 |
$11.51 |
$11.52 |
$11.47 |
$11.51 |
41.80K | 03/22/2024 |
$11.59 |
$11.62 |
$11.53 |
$11.62 |
91.30K | 03/25/2024 |
$11.58 |
$11.60 |
$11.50 |
$11.58 |
45.40K | 03/26/2024 |
$11.60 |
$11.64 |
$11.55 |
$11.59 |
54.80K | 03/27/2024 |
$11.56 |
$11.59 |
$11.55 |
$11.56 |
35.00K |
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BlackRock MuniYield Michigan Quality is a closed-end management investment company. The Fund's investment objective is to provide shareholders with as higher a level of current income exempt from United States federal and Michigan income taxes as is consistent with its investment policies and investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations exempt from United States federal income taxes (except that the interest may be subject to the United States federal alternative minimum tax) and Michigan income taxes. | |
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BlackRock MuniYield Michigan Quality Fund (MIY) has the following price history information. Looking back at MIY historical stock prices for the last five trading days, on March 21, 2024, MIY opened at $11.51, traded as high as $11.52 and as low as $11.47, and closed at $11.51. Trading volume was a total of 41.80K shares. On March 22, 2024, MIY opened at $11.59, traded as high as $11.62 and as low as $11.53, and closed at $11.62. Trading volume was a total of 91.30K shares. On March 25, 2024, MIY opened at $11.58, traded as high as $11.60 and as low as $11.50, and closed at $11.58. Trading volume was a total of 45.40K shares. On March 26, 2024, MIY opened at $11.60, traded as high as $11.64 and as low as $11.55, and closed at $11.59. Trading volume was a total of 54.80K shares. On March 27, 2024, MIY opened at $11.56, traded as high as $11.59 and as low as $11.55, and closed at $11.56. Trading volume was a total of 35.00K shares.
MIY Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into BlackRock MuniYield Michigan Quality Fund shares, starting with a $10,000 purchase of MIY, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$13.24 |
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End price/share: |
$11.56 |
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Starting shares: |
755.29 |
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Ending shares: |
1,250.74 |
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Dividends reinvested/share: |
$6.84 |
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Total return: |
44.59% |
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Average Annual Total Return: |
3.76% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,462.91 |
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Years: |
10.00 |
|
|
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$13.24 |
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End price/share: |
$11.56 |
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Dividends collected/share: |
$6.84 |
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Total return: |
38.97% |
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Average Annual Total Return: |
3.35% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,901.63 |
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Years: |
10.00 |
|
|
|
Date |
Close |
03/21/2024 | $11.51 | 03/22/2024 | $11.62 | 03/25/2024 | $11.58 | 03/26/2024 | $11.59 | 03/27/2024 | $11.56 |
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