BlackRock MuniYield Michigan Quality Fund
MIY
34 hedge funds and large institutions have $37.2M invested in BlackRock MuniYield Michigan Quality Fund in 2016 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 4 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
3% more funds holding
Funds holding: 33 → 34 (+1)
0.39% more ownership
Funds ownership: 8.19% → 8.58% (+0.39%)
0% more capital invested
Capital invested by funds: $37.2M → $37.2M (+$46K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$2.17M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$505K |
| 3 |
CB
Chemical Bank
Detroit,
Michigan
|
+$311K |
| 4 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
+$169K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$144K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$1.14M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$229K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$216K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$202K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$159K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Fifth Third Bancorp
Cincinnati,
Ohio
| $137K | – | – | – |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $99K | +$99.5K | +6,519 | New |
|
|
LCM
28
Liberty Capital Management
Birmingham,
Michigan
| $93K | +$95.7K | +6,272 | New |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $61K | – | – | – |
|
|
ASN
30
Advisory Services Network
Atlanta,
Georgia
| $55K | +$55K | +3,606 | New |
|
31
Creative Planning
Overland Park,
Kansas
| $42K | – | – | – |
|
|
NFG
32
Next Financial Group
Houston,
Texas
| $29K | +$29K | +1,900 | New |
|
|
33
Northern Trust
Chicago,
Illinois
| $4K | -$216K | -14,176 | -38% |
|
|
WDL
34
Well Done LLC
Holland,
Michigan
| $1.01K | – | – | – |
|
|
LCM
35
Laurion Capital Management
New York
| – | -$1.14M | -73,259 | Closed |
|
|
DA
36
Doliver Advisors
Houston,
Texas
| – | -$159K | -10,258 | Closed |
|
|
AI
37
ArchPoint Investors
Coral Gables,
Florida
| – | -$17K | -1,100 | Closed |
|
|
TRCT
38
Tower Research Capital (TRC)
New York
| – | -$3K | -187 | Closed |
|
MIY Hedge Fund Activity: Q3 2016 in Review
34 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2016, worth a combined $37.2M — up 0.12% from $37.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MIY positions and 4 closed out — a net gain of 1 holder — while 11 added to existing stakes and 7 trimmed.
The largest buyer was Mackay Shields LLC, adding an estimated $2.17M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $1.14M sold.
- 34 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2016, up from 33 in Q2 2016.
- Funds reported $37.2M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2016, up 0.12% quarter-over-quarter.
- 5 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2016 and 4 closed out, a net change of +1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2016 was Mackay Shields LLC, an estimated $2.17M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2016 was Laurion Capital Management, an estimated $1.14M sold.
Based on aggregated 13F filings for Q3 2016.