BlackRock MuniYield Michigan Quality Fund
MIY
21 hedge funds and large institutions have $8.41M invested in BlackRock MuniYield Michigan Quality Fund in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 5 closing their positions.
0.51% less ownership
Funds ownership: 3.89% → 3.38% (-0.51%)
9% less capital invested
Capital invested by funds: $9.2M → $8.41M (-$793K)
13% less funds holding
Funds holding: 24 → 21 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
+$232K |
| 2 |
MBT
Monroe Bank & Trust
Monroe,
Michigan
|
+$41.5K |
| 3 |
B
Baird
Milwaukee,
Wisconsin
|
+$26.4K |
| 4 |
Citigroup
New York
|
+$14.2K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$13.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$393K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$358K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$266K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$221K |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$132K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$20K | -1,500 | Closed |
|
MIY Hedge Fund Activity: Q2 2014 in Review
21 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2014, worth a combined $8.41M — down 8.6% from $9.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MIY and 2 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 3 added.
The largest buyer was Rehmann Capital Advisory Group, adding an estimated $232K. The largest seller was Morgan Stanley, cutting an estimated $393K.
- 21 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2014, down from 24 in Q1 2014.
- Funds reported $8.41M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2014, down 8.6% quarter-over-quarter.
- 2 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2014 and 5 closed out, a net change of -3 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2014 was Rehmann Capital Advisory Group, an estimated $232K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2014 was Morgan Stanley, an estimated $393K sold.
Based on aggregated 13F filings for Q2 2014.