BlackRock MuniYield Michigan Quality Fund
MIY
21 hedge funds and large institutions have $18.2M invested in BlackRock MuniYield Michigan Quality Fund in 2015 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 4 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
16% more capital invested
Capital invested by funds: $15.7M → $18.2M (+$2.5M)
0.95% more ownership
Funds ownership: 6.13% → 7.08% (+0.95%)
0% more funds holding
Funds holding: 21 → 21 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$805K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$617K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$544K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$304K |
| 5 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.14M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.08M |
| 3 |
Morgan Stanley
New York
|
-$704K |
| 4 |
LCM
Laurion Capital Management
New York
|
-$336K |
| 5 |
B
Baird
Milwaukee,
Wisconsin
|
-$164K |
MIY Hedge Fund Activity: Q1 2015 in Review
21 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2015, worth a combined $18.2M — up 16% from $15.7M a quarter earlier.
Fund positioning in MIY was balanced in Q1 2015: 4 funds opened new positions, 4 closed out, 6 added to existing stakes and 4 trimmed.
The largest buyer was PNC Financial Services Group, adding an estimated $805K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.14M sold.
- 21 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2015, unchanged from Q4 2014.
- Funds reported $18.2M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2015, up 16% quarter-over-quarter.
- 4 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2015 and 4 closed out, a net change of 0 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2015 was PNC Financial Services Group, an estimated $805K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2015 was Wolverine Asset Management, an estimated $1.14M sold.
Based on aggregated 13F filings for Q1 2015.