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BlackRock MuniYield Michigan Quality Fund
MIY

39 hedge funds and large institutions have $52M invested in BlackRock MuniYield Michigan Quality Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 7

5% more capital invested

Capital invested by funds: $49.6M → $52M (+$2.31M)

0.57% more ownership

Funds ownership: 12.38% → 12.95% (+0.57%)

3% less funds holding

Funds holding: 40 → 39 (-1)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

Holders
39
Holders Change
-1
Holders Change %
-2.5%
% of All Funds
0.97%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
17
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Pointe Capital Management
Michigan
+$1.03M
2
Morgan Stanley
Morgan Stanley
New York
+$666K
3
MSL
Mackay Shields LLC
New York
+$636K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$475K
5
Baird Financial Group
Baird Financial Group
Wisconsin
+$424K

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$1.07M
2
LCM
Laurion Capital Management
New York
-$402K
3
VKH
Virtu KCG Holdings
New York
-$316K
4
CRC
Curi RMB Capital
Illinois
-$261K
5
SG Americas Securities
SG Americas Securities
New York
-$209K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$256K -$40.4K -2,974 -14%
DA
27
Doliver Advisors
Texas
$212K +$62.8K +4,625 +42%
LPIC
28
LeJeune Puetz Investment Counsel
Michigan
$191K – – –
SPC
29
Sigma Planning Corp
Michigan
$184K -$40.1K -2,949 -18%
AIM
30
Arcadia Investment Management
Michigan
$172K – – –
IIC
31
Integrated Investment Consultants
Michigan
$136K – – –
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$106K – – –
LCM
33
Liberty Capital Management
Michigan
$85K – – –
WAM
34
Wolverine Asset Management
Illinois
$63K +$55.6K +4,096 +683%
AG
35
Advisor Group
Arizona
$55K – – –
Creative Planning
36
Creative Planning
Kansas
$38K – – –
ASN
37
Advisory Services Network
Georgia
$19K +$19.3K +1,420 New
PMFA
38
Plante Moran Financial Advisors
Michigan
$4K – – –
Northern Trust
39
Northern Trust
Illinois
$3K – – –
VKH
40
Virtu KCG Holdings
New York
– -$316K -23,265 Closed
SG Americas Securities
41
SG Americas Securities
New York
– -$209K -15,386 Closed
TC
42
TFS Capital
Pennsylvania
– -$158K -11,596 Closed
NFG
43
Next Financial Group
Texas
– -$26K -1,900 Closed
1
2

MIY Hedge Fund Activity: Q1 2017 in Review

39 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2017, worth a combined $52M — up 4.7% from $49.6M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of MIY and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 17 added.

The largest buyer was Pointe Capital Management, opening a new position worth an estimated $1.03M. The largest seller was Landscape Capital Management, cutting an estimated $1.07M.

  • 39 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2017, down from 40 in Q4 2016.
  • Funds reported $52M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2017, up 4.7% quarter-over-quarter.
  • 3 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2017 and 4 closed out, a net change of -1 holder.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2017 was Pointe Capital Management, an estimated $1.03M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2017 was Landscape Capital Management, an estimated $1.07M sold.

Based on aggregated 13F filings for Q1 2017.