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BlackRock MuniYield Michigan Quality Fund
MIY

38 hedge funds and large institutions have $45.7M invested in BlackRock MuniYield Michigan Quality Fund in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 18 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.91% less ownership

Funds ownership: 12.95% → 11.04% (-1.9%)

3% less funds holding

Funds holding: 39 → 38 (-1)

12% less capital invested

Capital invested by funds: $52M → $45.7M (-$6.27M)

50% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 2

50% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 18

Holders
38
Holders Change
-1
Holders Change %
-2.56%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
9
Reduced
18
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WDL
Well Done LLC
Michigan
+$333K
2
MF
Magnetar Financial
Illinois
+$189K
3
PCM
Pointe Capital Management
Michigan
+$84.9K
4
SPC
Sigma Planning Corp
Michigan
+$59.2K
5
RJA
Raymond James & Associates
Florida
+$30.9K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$3.72M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.24M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.05M
4
LCM
Landscape Capital Management
New Jersey
-$414K
5
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
-$395K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$182K -$306K -22,020 -63%
CRC
27
Curi RMB Capital
Illinois
$177K -$142K -10,218 -45%
AIM
28
Arcadia Investment Management
Michigan
$177K – – –
DA
29
Doliver Advisors
Texas
$157K -$61.4K -4,412 -28%
IIC
30
Integrated Investment Consultants
Michigan
$140K – – –
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$92K -$16.9K -1,215 -16%
Fifth Third Bancorp
32
Fifth Third Bancorp
Ohio
$90K -$395K -28,391 -82%
LCM
33
Liberty Capital Management
Michigan
$89K – – –
AG
34
Advisor Group
Arizona
$57K – – –
Creative Planning
35
Creative Planning
Kansas
$39K – – –
ASN
36
Advisory Services Network
Georgia
$20K +$278 +20 +1%
PMFA
37
Plante Moran Financial Advisors
Michigan
$4K – – –
Northern Trust
38
Northern Trust
Illinois
$4K +$2.99K +215 +0.9%
LPL Financial
39
LPL Financial
California
– -$256K -18,711 Closed
WAM
40
Wolverine Asset Management
Illinois
– -$63K -4,696 Closed
1
2

MIY Hedge Fund Activity: Q2 2017 in Review

38 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2017, worth a combined $45.7M — down 12% from $52M a quarter earlier.

Sellers outnumbered buyers: 2 funds closed out of MIY and 1 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 9 added.

The largest buyer was Well Done LLC, adding an estimated $333K. The largest seller was Laurion Capital Management, cutting an estimated $3.72M.

  • 38 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2017, down from 39 in Q1 2017.
  • Funds reported $45.7M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2017, down 12% quarter-over-quarter.
  • 1 fund opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2017 and 2 closed out, a net change of -1 holder.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2017 was Well Done LLC, an estimated $333K added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2017 was Laurion Capital Management, an estimated $3.72M sold.

Based on aggregated 13F filings for Q2 2017.