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BlackRock MuniYield Michigan Quality Fund
MIY

50 hedge funds and large institutions have $74.8M invested in BlackRock MuniYield Michigan Quality Fund in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

100% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 10

14% more funds holding

Funds holding: 44 → 50 (+6)

4% more capital invested

Capital invested by funds: $72M → $74.8M (+$2.81M)

0.18% more ownership

Funds ownership: 18.23% → 18.41% (+0.18%)

Holders
50
Holders Change
+6
Holders Change %
+13.64%
% of All Funds
1.09%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
9
Increased
20
Reduced
10
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$735K
2
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$649K
3
HighTower Advisors
HighTower Advisors
Illinois
+$550K
4
Wells Fargo
Wells Fargo
California
+$354K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$306K

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$813K
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$714K
3
WAM
Wolverine Asset Management
Illinois
-$686K
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$588K
5
SCM
Saba Capital Management
New York
-$221K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$309K +$10.9K +801 +4%
AA
27
AQR Arbitrage
Connecticut
$306K -$173K -12,708 -36%
Stifel Financial
28
Stifel Financial
Missouri
$299K -$2.13K -157 -0.7%
TFCP
29
Twin Focus Capital Partners
Massachusetts
$267K +$264K +19,400 New
RJFSA
30
Raymond James Financial Services Advisors
Florida
$234K +$39.3K +2,893 +20%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$233K – – –
AWA
32
Acorn Wealth Advisors
Michigan
$233K +$36.4K +2,680 +20%
AIM
33
Arcadia Investment Management
Michigan
$174K – – –
G
34
Gainplan
Michigan
$166K +$164K +12,073 New
LPIC
35
LeJeune Puetz Investment Counsel
Michigan
$159K – – –
BAM
36
Barrett Asset Management
New York
$149K +$42.3K +3,111 +40%
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$144K +$142K +10,453 New
NFG
38
Next Financial Group
Texas
$133K +$131K +9,650 New
AG
39
Advisor Group
Arizona
$123K +$50.7K +3,734 +71%
RWA
40
Redhawk Wealth Advisors
Minnesota
$111K +$109K +8,050 New
RCAG
41
Rehmann Capital Advisory Group
Michigan
$65.9K -$24.5K -1,807 -27%
PMFA
42
Plante Moran Financial Advisors
Michigan
$38K +$17.3K +1,273 +85%
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$34K – – –
ASN
44
Advisory Services Network
Georgia
$26K +$3.79K +279 +18%
RFM
45
Royal Fund Management
Florida
$23K – – –
LTFS
46
Ladenburg Thalmann Financial Services
Florida
$18K +$18K +1,322 New
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
$13K – – –
BFEC
48
Benjamin F. Edwards & Company
Missouri
$12K +$12.1K +893 New
Northern Trust
49
Northern Trust
Illinois
$4K – – –
FIA
50
FNY Investment Advisers
New York
$2K +$272 +20 +14%
1
2
3

MIY Hedge Fund Activity: Q2 2019 in Review

50 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2019, worth a combined $74.8M — up 3.9% from $72M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MIY positions and 2 closed out — a net gain of 7 holders — while 20 added to existing stakes and 10 trimmed.

The largest buyer was Robinson Capital Management, adding an estimated $735K. The largest seller was Landscape Capital Management, cutting an estimated $813K.

  • 50 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2019, up from 44 in Q1 2019.
  • Funds reported $74.8M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2019, up 3.9% quarter-over-quarter.
  • 9 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2019 and 2 closed out, a net change of +7 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2019 was Robinson Capital Management, an estimated $735K added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2019 was Landscape Capital Management, an estimated $813K sold.

Based on aggregated 13F filings for Q2 2019.