BlackRock MuniYield Michigan Quality Fund
MIY
36 hedge funds and large institutions have $42.3M invested in BlackRock MuniYield Michigan Quality Fund in 2017 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 2 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
0.77% less ownership
Funds ownership: 11.04% → 10.27% (-0.77%)
5% less funds holding
Funds holding: 38 → 36 (-2)
7% less capital invested
Capital invested by funds: $45.7M → $42.3M (-$3.42M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WDL
Well Done LLC
Holland,
Michigan
|
+$839K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$390K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$294K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$191K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$155K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.46M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$661K |
| 3 |
LCM
Laurion Capital Management
New York
|
-$455K |
| 4 |
CB
Chemical Bank
Detroit,
Michigan
|
-$249K |
| 5 |
Morgan Stanley
New York
|
-$231K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
26
Arcadia Investment Management
Kalamazoo,
Michigan
| $177K | – | – | – |
|
27
Creative Planning
Overland Park,
Kansas
| $174K | +$136K | +9,681 | +345% |
|
|
RJFSA
28
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| $168K | -$13K | -924 | -7% |
|
|
IIC
29
Integrated Investment Consultants
Bloomfield Hills,
Michigan
| $140K | – | – | – |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $92K | – | – | – |
|
|
LCM
31
Liberty Capital Management
Birmingham,
Michigan
| $88K | – | – | – |
|
32
Fifth Third Bancorp
Cincinnati,
Ohio
| $78K | -$11.6K | -820 | -13% |
|
|
AG
33
Advisor Group
Phoenix,
Arizona
| $57K | – | – | – |
|
|
ASN
34
Advisory Services Network
Atlanta,
Georgia
| $20K | +$282 | +20 | +1% |
|
35
Northern Trust
Chicago,
Illinois
| $4K | -$3.03K | -215 | -0.9% |
|
|
PMFA
36
Plante Moran Financial Advisors
Southfield,
Michigan
| $4K | – | – | – |
|
|
CB
37
Chemical Bank
Detroit,
Michigan
| – | -$249K | -17,763 | Closed |
|
|
MF
38
Magnetar Financial
Evanston,
Illinois
| – | -$190K | -13,562 | Closed |
|
MIY Hedge Fund Activity: Q3 2017 in Review
36 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2017, worth a combined $42.3M — down 7.5% from $45.7M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of MIY and 0 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 16 added.
The largest buyer was Well Done LLC, adding an estimated $839K. The largest seller was Karpus Investment Management, cutting an estimated $3.46M.
- 36 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2017, down from 38 in Q2 2017.
- Funds reported $42.3M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2017, down 7.5% quarter-over-quarter.
- 0 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2017 and 2 closed out, a net change of -2 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2017 was Well Done LLC, an estimated $839K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2017 was Karpus Investment Management, an estimated $3.46M sold.
Based on aggregated 13F filings for Q3 2017.