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BlackRock MuniYield Michigan Quality Fund
MIY

36 hedge funds and large institutions have $36.4M invested in BlackRock MuniYield Michigan Quality Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

30% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 10

17% more capital invested

Capital invested by funds: $31.1M → $36.4M (+$5.32M)

9% more funds holding

Funds holding: 33 → 36 (+3)

0.88% more ownership

Funds ownership: 8.01% → 8.89% (+0.88%)

Holders
36
Holders Change
+3
Holders Change %
+9.09%
% of All Funds
0.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
13
Reduced
10
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$4.06M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.15M
3
LPL Financial
LPL Financial
California
+$526K
4
PA
Planning Alternatives
Michigan
+$358K
5
LCM
Laurion Capital Management
New York
+$324K

Top Sellers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
-$2.43M
2
TC
TFS Capital
Pennsylvania
-$405K
3
Morgan Stanley
Morgan Stanley
New York
-$281K
4
DA
Doliver Advisors
Texas
-$253K
5
Bank of America
Bank of America
North Carolina
-$252K
Name Holding Trade Value Shares
Change 		Change in
Stake
WKWM
26
Walter & Keenan Wealth Management
Indiana
$195K +$9.3K +690 +5%
SPC
27
Sigma Planning Corp
Michigan
$187K +$181K +13,400 New
AIM
28
Arcadia Investment Management
Michigan
$177K – – –
CB
29
Chemical Bank
Michigan
$162K +$156K +11,583 New
PMFA
30
Plante Moran Financial Advisors
Michigan
$158K – – –
Fifth Third Bancorp
31
Fifth Third Bancorp
Ohio
$85K – – –
AIG
32
American International Group
New York
$66K -$30K -2,225 -32%
MBT
33
Monroe Bank & Trust
Michigan
$58K – – –
AI
34
ArchPoint Investors
Florida
$15K +$14.8K +1,100 New
Northern Trust
35
Northern Trust
Illinois
$5K +$40 +3 +0%
WAM
36
Weiss Asset Management
Massachusetts
– -$2.43M -184,675 Closed
TC
37
TFS Capital
Pennsylvania
– -$405K -30,693 Closed
DA
38
Doliver Advisors
Texas
– -$253K -19,200 Closed
WRM
39
Westport Resources Management
Connecticut
– -$71K -5,352 Closed
RIA
40
Regal Investment Advisors
Michigan
– -$13K -1,000 Closed
Citigroup
41
Citigroup
New York
– -$81 -6 -75%
Barclays
42
Barclays
United Kingdom
– +$270 +20 New
1
2

MIY Hedge Fund Activity: Q4 2015 in Review

36 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2015, worth a combined $36.4M — up 17% from $31.1M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MIY positions and 5 closed out — a net gain of 4 holders — while 13 added to existing stakes and 10 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $4.06M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $2.43M sold.

  • 36 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2015, up from 33 in Q3 2015.
  • Funds reported $36.4M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2015, up 17% quarter-over-quarter.
  • 9 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2015 and 5 closed out, a net change of +4 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2015 was Karpus Investment Management, an estimated $4.06M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2015 was Weiss Asset Management, an estimated $2.43M sold.

Based on aggregated 13F filings for Q4 2015.