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BlackRock MuniYield Michigan Quality Fund
MIY

40 hedge funds and large institutions have $49.6M invested in BlackRock MuniYield Michigan Quality Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

700% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 1

133% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 6

33% more capital invested

Capital invested by funds: $37.2M → $49.6M (+$12.4M)

18% more funds holding

Funds holding: 34 → 40 (+6)

3.8% more ownership

Funds ownership: 8.58% → 12.38% (+3.8%)

Holders
40
Holders Change
+6
Holders Change %
+17.65%
% of All Funds
1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
14
Reduced
6
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$5.22M
2
LCM
Laurion Capital Management
New York
+$4.98M
3
LCM
Landscape Capital Management
New Jersey
+$1.85M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$1.14M
5
Wells Fargo
Wells Fargo
California
+$791K

Top Sellers

Rank Fund Capital Flow
1
PCM
Pointe Capital Management
Michigan
-$1.69M
2
LPL Financial
LPL Financial
California
-$361K
3
PMFA
Plante Moran Financial Advisors
Michigan
-$153K
4
UBS Group
UBS Group
Switzerland
-$132K
5
TC
TFS Capital
Pennsylvania
-$6.48K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPC
26
Sigma Planning Corp
Michigan
$224K +$34.2K +2,452 +17%
SG Americas Securities
27
SG Americas Securities
New York
$209K +$214K +15,386 New
LPIC
28
LeJeune Puetz Investment Counsel
Michigan
$191K +$196K +14,042 New
AIM
29
Arcadia Investment Management
Michigan
$172K – – –
TC
30
TFS Capital
Pennsylvania
$158K -$6.48K -465 -4%
DA
31
Doliver Advisors
Texas
$149K +$153K +10,981 New
IIC
32
Integrated Investment Consultants
Michigan
$136K – – –
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$106K +$17.7K +1,272 +20%
LCM
34
Liberty Capital Management
Michigan
$86K – – –
AG
35
Advisor Group
Arizona
$55K – – –
Creative Planning
36
Creative Planning
Kansas
$38K – – –
NFG
37
Next Financial Group
Texas
$26K – – –
WAM
38
Wolverine Asset Management
Illinois
$8K +$8.36K +600 New
PMFA
39
Plante Moran Financial Advisors
Michigan
$4K -$153K -11,000 -97%
Northern Trust
40
Northern Trust
Illinois
$3K – – –
PCM
41
Pointe Capital Management
Michigan
– -$1.69M -111,668 Closed
1
2

MIY Hedge Fund Activity: Q4 2016 in Review

40 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2016, worth a combined $49.6M — up 33% from $37.2M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new MIY positions and 1 closed out — a net gain of 7 holders — while 14 added to existing stakes and 6 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $5.22M. The largest seller was Pointe Capital Management, exiting entirely with an estimated $1.69M sold.

  • 40 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2016, up from 34 in Q3 2016.
  • Funds reported $49.6M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2016, up 33% quarter-over-quarter.
  • 8 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2016 and 1 closed out, a net change of +7 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2016 was Karpus Investment Management, an estimated $5.22M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2016 was Pointe Capital Management, an estimated $1.69M sold.

Based on aggregated 13F filings for Q4 2016.