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BlackRock MuniYield Michigan Quality Fund
MIY

53 hedge funds and large institutions have $75.9M invested in BlackRock MuniYield Michigan Quality Fund in 2019 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 8

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

1% more capital invested

Capital invested by funds: $75.5M → $75.9M (+$419K)

0% more funds holding

Funds holding: 53 → 53 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.01% less ownership

Funds ownership: 18.24% → 18.22% (-0.01%)

Holders
53
Holders Change
–
Holders Change %
0%
% of All Funds
1.04%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
7
Increased
21
Reduced
8
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
+$874K
2
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$804K
3
Morgan Stanley
Morgan Stanley
New York
+$703K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$643K
5
Wells Fargo
Wells Fargo
California
+$521K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$3.78M
2
LCM
Landscape Capital Management
New Jersey
-$548K
3
TC
Telemus Capital
Michigan
-$179K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$172K
5
WAM
Wolverine Asset Management
Illinois
-$156K
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
26
Dakota Wealth Management
Florida
$540K +$56.9K +4,055 +12%
Stifel Financial
27
Stifel Financial
Missouri
$421K +$110K +7,850 +36%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$319K – – –
G
29
Gainplan
Michigan
$294K +$50.9K +3,628 +21%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$254K +$13K +928 +5%
TFCP
31
Twin Focus Capital Partners
Massachusetts
$229K -$46.1K -3,287 -17%
Cetera Investment Advisers
32
Cetera Investment Advisers
Illinois
$227K +$53.5K +3,812 +31%
AWA
33
Acorn Wealth Advisors
Michigan
$189K – – –
AIM
34
Arcadia Investment Management
Michigan
$180K – – –
LPIC
35
LeJeune Puetz Investment Counsel
Michigan
$164K – – –
BAM
36
Barrett Asset Management
New York
$154K – – –
SC
37
Steph & Co
Wisconsin
$149K +$147K +10,500 New
RWA
38
Redhawk Wealth Advisors
Minnesota
$142K +$140K +10,000 New
NFG
39
Next Financial Group
Texas
$137K – – –
AG
40
Advisor Group
Arizona
$100K -$9.86K -702 -9%
WAM
41
Wolverine Asset Management
Illinois
$83K -$156K -11,144 -65%
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$48K – – –
ASN
43
Advisory Services Network
Georgia
$37K +$10.7K +759 +41%
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$26K +$309 +22 +1%
RFM
45
Royal Fund Management
Florida
$24K – – –
Fifth Third Bancorp
46
Fifth Third Bancorp
Ohio
$22K +$20.7K +1,477 +2,023%
PMFA
47
Plante Moran Financial Advisors
Michigan
$21K – – –
BFEC
48
Benjamin F. Edwards & Company
Missouri
$13K – – –
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$6K +$6.33K +451 New
Northern Trust
50
Northern Trust
Illinois
$6K +$281K +20,038 +91%
1
2
3

MIY Hedge Fund Activity: Q4 2019 in Review

53 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2019, worth a combined $75.9M — up 0.55% from $75.5M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new MIY positions and 6 closed out — a net gain of 1 holder — while 21 added to existing stakes and 8 trimmed.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $874K. The largest seller was Sit Investment Associates, cutting an estimated $3.78M.

  • 53 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2019, unchanged from Q3 2019.
  • Funds reported $75.9M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2019, up 0.55% quarter-over-quarter.
  • 7 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2019 and 6 closed out, a net change of +1 holder.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2019 was Allianz Asset Management, an estimated $874K added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2019 was Sit Investment Associates, an estimated $3.78M sold.

Based on aggregated 13F filings for Q4 2019.