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BlackRock MuniYield Michigan Quality Fund
MIY

49 hedge funds and large institutions have $72.4M invested in BlackRock MuniYield Michigan Quality Fund in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 11

2% more capital invested

Capital invested by funds: $71.3M → $72.4M (+$1.18M)

0.3% less ownership

Funds ownership: 17.9% → 17.61% (-0.3%)

4% less funds holding

Funds holding: 51 → 49 (-2)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
49
Holders Change
-2
Holders Change %
-3.92%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
14
Reduced
11
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$10.2M
2
RCA
Reitz Capital Advisors
Michigan
+$451K
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$422K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$362K
5
OAM
Occidental Asset Management
California
+$141K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$5.98M
2
RCM
Robinson Capital Management
Michigan
-$3.48M
3
Wells Fargo
Wells Fargo
California
-$882K
4
CRC
Curi RMB Capital
Illinois
-$738K
5
ACA
Ackerman Capital Advisors
Texas
-$535K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cetera Investment Advisers
26
Cetera Investment Advisers
Illinois
$388K -$22K -1,562 -5%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$371K +$8.03K +570 +2%
AWA
28
Acorn Wealth Advisors
Michigan
$356K +$1.18K +84 +0.3%
LPL Financial
29
LPL Financial
California
$243K +$11.7K +827 +5%
RWA
30
Redhawk Wealth Advisors
Minnesota
$224K – – –
Osaic Holdings
31
Osaic Holdings
Arizona
$220K +$1.86K +132 +0.9%
PMFA
32
Plante Moran Financial Advisors
Michigan
$214K +$2.31K +164 +1%
AIM
33
Arcadia Investment Management
Michigan
$170K – – –
LPIC
34
LeJeune Puetz Investment Counsel
Michigan
$162K – – –
BAM
35
Barrett Asset Management
New York
$152K – – –
OAM
36
Occidental Asset Management
California
$140K +$141K +10,000 New
NFG
37
Next Financial Group
Texas
$135K +$136K +9,650 New
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$91K – – –
Rockefeller Capital Management
39
Rockefeller Capital Management
New York
$82K – – –
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$47K – – –
Bank of Montreal
41
Bank of Montreal
Ontario, Canada
$32K – – –
BFEC
42
Benjamin F. Edwards & Company
Missouri
$13K – – –
Fifth Third Bancorp
43
Fifth Third Bancorp
Ohio
$11K -$10.6K -750 -48%
GEA
44
Glen Eagle Advisors
New Jersey
$9.74K +$9.79K +695 New
ASN
45
Advisory Services Network
Georgia
$8K +$8.13K +577 New
Northern Trust
46
Northern Trust
Illinois
$4K – – –
PAM
47
Panagora Asset Management
Massachusetts
$2K – – –
TRCT
48
Tower Research Capital (TRC)
New York
$1K +$1.16K +82 New
SCM
49
Saba Capital Management
New York
– -$5.98M -441,096 Closed
CRC
50
Curi RMB Capital
Illinois
– -$738K -54,403 Closed
1
2
3

MIY Hedge Fund Activity: Q3 2020 in Review

49 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2020, worth a combined $72.4M — up 1.6% from $71.3M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of MIY and 6 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 14 added.

The largest buyer was Mackay Shields LLC, adding an estimated $10.2M. The largest seller was Saba Capital Management, exiting entirely with an estimated $5.98M sold.

  • 49 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2020, down from 51 in Q2 2020.
  • Funds reported $72.4M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2020, up 1.6% quarter-over-quarter.
  • 6 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2020 and 8 closed out, a net change of -2 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2020 was Mackay Shields LLC, an estimated $10.2M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2020 was Saba Capital Management, an estimated $5.98M sold.

Based on aggregated 13F filings for Q3 2020.