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BlackRock MuniYield Michigan Quality Fund
MIY

47 hedge funds and large institutions have $69.2M invested in BlackRock MuniYield Michigan Quality Fund in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 12

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.43% less ownership

Funds ownership: 18.22% → 17.79% (-0.43%)

9% less capital invested

Capital invested by funds: $75.9M → $69.2M (-$6.77M)

11% less funds holding

Funds holding: 53 → 47 (-6)

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7

Holders
47
Holders Change
-6
Holders Change %
-11.32%
% 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
3
Increased
16
Reduced
12
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.33M
2
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$776K
3
Goldman Sachs
Goldman Sachs
New York
+$342K
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$210K
5
Wells Fargo
Wells Fargo
California
+$198K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$1.89M
2
Allianz Asset Management
Allianz Asset Management
Germany
-$883K
3
KIM
Karpus Investment Management
New York
-$696K
4
WKWM
Walter & Keenan Wealth Management
Indiana
-$675K
5
Morgan Stanley
Morgan Stanley
New York
-$530K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cetera Investment Advisers
26
Cetera Investment Advisers
Illinois
$387K +$186K +13,218 +83%
Goldman Sachs
27
Goldman Sachs
New York
$322K +$342K +24,310 New
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$237K – – –
Osaic Holdings
29
Osaic Holdings
Arizona
$224K +$239K +16,967 New
AWA
30
Acorn Wealth Advisors
Michigan
$192K +$27.1K +1,926 +15%
AIM
31
Arcadia Investment Management
Michigan
$161K -$7.04K -500 -4%
RWA
32
Redhawk Wealth Advisors
Minnesota
$159K +$28.2K +2,000 +20%
LPIC
33
LeJeune Puetz Investment Counsel
Michigan
$153K – – –
Fifth Third Bancorp
34
Fifth Third Bancorp
Ohio
$153K +$141K +10,000 +645%
AA
35
AQR Arbitrage
Connecticut
$146K +$155K +11,013 New
BAM
36
Barrett Asset Management
New York
$144K – – –
SC
37
Steph & Co
Wisconsin
$139K – – –
NFG
38
Next Financial Group
Texas
$128K – – –
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$88K -$223K -15,810 -70%
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$45K – – –
ASN
41
Advisory Services Network
Georgia
$25K -$9.86K -700 -27%
RFM
42
Royal Fund Management
Florida
$22K – – –
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$15K +$10.3K +728 +161%
BFEC
44
Benjamin F. Edwards & Company
Missouri
$12K – – –
Northern Trust
45
Northern Trust
Illinois
$5K – – –
PAM
46
Panagora Asset Management
Massachusetts
$2K +$929 +66 +59%
Allianz Asset Management
47
Allianz Asset Management
Germany
– -$883K -62,230 Closed
WKWM
48
Walter & Keenan Wealth Management
Indiana
– -$675K -47,538 Closed
G
49
Gainplan
Michigan
– -$294K -20,739 Closed
TFCP
50
Twin Focus Capital Partners
Massachusetts
– -$229K -16,113 Closed
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MIY Hedge Fund Activity: Q1 2020 in Review

47 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2020, worth a combined $69.2M — down 8.9% from $75.9M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of MIY and 3 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 16 added.

The largest buyer was Bank of America, adding an estimated $1.33M. The largest seller was Robinson Capital Management, cutting an estimated $1.89M.

  • 47 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2020, down from 53 in Q4 2019.
  • Funds reported $69.2M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2020, down 8.9% quarter-over-quarter.
  • 3 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2020 and 7 closed out, a net change of -4 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2020 was Bank of America, an estimated $1.33M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2020 was Robinson Capital Management, an estimated $1.89M sold.

Based on aggregated 13F filings for Q1 2020.