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BlackRock MuniYield Michigan Quality Fund
MIY

51 hedge funds and large institutions have $71.3M invested in BlackRock MuniYield Michigan Quality Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

9% more funds holding

Funds holding: 47 → 51 (+4)

3% more capital invested

Capital invested by funds: $69.2M → $71.3M (+$2.11M)

0.11% more ownership

Funds ownership: 17.79% → 17.9% (+0.11%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
51
Holders Change
+4
Holders Change %
+8.51%
% of All Funds
1.05%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
7
Increased
16
Reduced
14
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$952K
2
CRC
Curi RMB Capital
Illinois
+$715K
3
WKWM
Walter & Keenan Wealth Management
Indiana
+$626K
4
KIM
Karpus Investment Management
New York
+$607K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$551K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$2.48M
2
Morgan Stanley
Morgan Stanley
New York
-$517K
3
RCA
Reitz Capital Advisors
Michigan
-$481K
4
SIA
Sit Investment Associates
Minnesota
-$438K
5
HighTower Advisors
HighTower Advisors
Illinois
-$329K
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
26
Dakota Wealth Management
Florida
$484K – – –
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$480K -$112K -8,524 -19%
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$396K – – –
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$351K +$105K +8,000 +45%
AWA
30
Acorn Wealth Advisors
Michigan
$343K +$133K +10,100 +67%
Goldman Sachs
31
Goldman Sachs
New York
$336K +$6.59K +501 +2%
HighTower Advisors
32
HighTower Advisors
Illinois
$250K -$329K -25,000 -57%
BlackRock
33
BlackRock
New York
$225K +$218K +16,615 New
LPL Financial
34
LPL Financial
California
$224K +$217K +16,488 New
RWA
35
Redhawk Wealth Advisors
Minnesota
$217K +$52.6K +4,000 +33%
Osaic Holdings
36
Osaic Holdings
Arizona
$211K -$19.3K -1,467 -9%
PMFA
37
Plante Moran Financial Advisors
Michigan
$205K +$199K +15,102 New
AIM
38
Arcadia Investment Management
Michigan
$165K – – –
AA
39
AQR Arbitrage
Connecticut
$163K +$13.7K +1,040 +9%
LPIC
40
LeJeune Puetz Investment Counsel
Michigan
$157K – – –
BAM
41
Barrett Asset Management
New York
$147K – – –
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$88K -$2.47K -188 -3%
Rockefeller Capital Management
43
Rockefeller Capital Management
New York
$80K +$77.2K +5,872 New
SC
44
Steph & Co
Wisconsin
$68K -$72.3K -5,500 -52%
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$46K – – –
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$31K +$14.5K +1,100 +93%
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
$21K -$131K -10,000 -87%
BFEC
48
Benjamin F. Edwards & Company
Missouri
$12K – – –
Northern Trust
49
Northern Trust
Illinois
$3K -$175K -13,292 -32%
PAM
50
Panagora Asset Management
Massachusetts
$2K – – –
1
2
3

MIY Hedge Fund Activity: Q2 2020 in Review

51 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2020, worth a combined $71.3M — up 3% from $69.2M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new MIY positions and 3 closed out — a net gain of 4 holders — while 16 added to existing stakes and 14 trimmed.

The largest buyer was UBS Group, adding an estimated $952K. The largest seller was Saba Capital Management, cutting an estimated $2.48M.

  • 51 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2020, up from 47 in Q1 2020.
  • Funds reported $71.3M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2020, up 3% quarter-over-quarter.
  • 7 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2020 and 3 closed out, a net change of +4 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2020 was UBS Group, an estimated $952K added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2020 was Saba Capital Management, an estimated $2.48M sold.

Based on aggregated 13F filings for Q2 2020.