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BlackRock MuniYield Michigan Quality Fund
MIY

36 hedge funds and large institutions have $48.6M invested in BlackRock MuniYield Michigan Quality Fund in 2017 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

15% more capital invested

Capital invested by funds: $42.3M → $48.6M (+$6.31M)

1.49% more ownership

Funds ownership: 10.27% → 11.76% (+1.5%)

0% more funds holding

Funds holding: 36 → 36 (0)

Holders
36
Holders Change
–
Holders Change %
0%
% of All Funds
0.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
12
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.04M
2
SIA
Starfire Investment Advisers
Michigan
+$1.09M
3
SIA
Sit Investment Associates
Minnesota
+$720K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$394K
5
WDL
Well Done LLC
Michigan
+$245K

Top Sellers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
-$561K
2
SI
SII Investments
Wisconsin
-$311K
3
IA
IFP Advisors
Florida
-$286K
4
DA
Doliver Advisors
Texas
-$212K
5
Creative Planning
Creative Planning
Kansas
-$174K
Name Holding Trade Value Shares
Change 		Change in
Stake
AWA
26
Acorn Wealth Advisors
Michigan
$168K +$169K +12,065 New
IA
27
IFP Advisors
Florida
$149K -$286K -20,451 -66%
BAM
28
Barrett Asset Management
New York
$108K +$108K +7,727 New
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$92K – – –
LCM
30
Liberty Capital Management
Michigan
$87K – – –
Fifth Third Bancorp
31
Fifth Third Bancorp
Ohio
$78K – – –
AG
32
Advisor Group
Arizona
$67K +$10K +714 +18%
SWP
33
Stratos Wealth Partners
Ohio
$55K +$54.9K +3,923 New
ASN
34
Advisory Services Network
Georgia
$21K +$378 +27 +2%
PMFA
35
Plante Moran Financial Advisors
Michigan
$10K +$5.97K +426 +142%
Northern Trust
36
Northern Trust
Illinois
$4K – – –
CRC
37
Curi RMB Capital
Illinois
– -$561K -40,212 Closed
SI
38
SII Investments
Wisconsin
– -$311K -22,266 Closed
DA
39
Doliver Advisors
Texas
– -$212K -15,158 Closed
Creative Planning
40
Creative Planning
Kansas
– -$174K -12,490 Closed
1
2

MIY Hedge Fund Activity: Q4 2017 in Review

36 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2017, worth a combined $48.6M — up 15% from $42.3M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new MIY positions and 4 closed out — a net gain of 1 holder — while 12 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $5.04M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $561K sold.

  • 36 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2017, unchanged from Q3 2017.
  • Funds reported $48.6M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2017, up 15% quarter-over-quarter.
  • 5 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2017 and 4 closed out, a net change of +1 holder.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2017 was Morgan Stanley, an estimated $5.04M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2017 was Curi RMB Capital, an estimated $561K sold.

Based on aggregated 13F filings for Q4 2017.