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BlackRock MuniYield Michigan Quality Fund
MIY

49 hedge funds and large institutions have $71.9M invested in BlackRock MuniYield Michigan Quality Fund in 2020 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 49 → 49 (0)

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

1% less capital invested

Capital invested by funds: $72.4M → $71.9M (-$533K)

0.79% less ownership

Funds ownership: 17.61% → 16.81% (-0.79%)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

Holders
49
Holders Change
–
Holders Change %
0%
% of All Funds
0.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
14
Reduced
17
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.13M
2
TCA
Transcend Capital Advisors
New Jersey
+$837K
3
KAS
Kestra Advisory Services
Texas
+$363K
4
ECM
Exchange Capital Management
Michigan
+$198K
5
RJA
Raymond James & Associates
Florida
+$149K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$3.19M
2
UBS Group
UBS Group
Switzerland
-$1.27M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$465K
4
Morgan Stanley
Morgan Stanley
New York
-$456K
5
RCM
Robinson Capital Management
Michigan
-$339K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cetera Investment Advisers
26
Cetera Investment Advisers
Illinois
$506K +$100K +7,066 +26%
Mercer Global Advisors
27
Mercer Global Advisors
Colorado
$407K -$120K -8,500 -23%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$386K – – –
AWA
29
Acorn Wealth Advisors
Michigan
$365K -$4.46K -315 -1%
LPL Financial
30
LPL Financial
California
$361K +$106K +7,455 +43%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$317K -$125K -8,841 -29%
PMFA
32
Plante Moran Financial Advisors
Michigan
$239K +$16.1K +1,137 +7%
RWA
33
Redhawk Wealth Advisors
Minnesota
$233K – – –
Osaic Holdings
34
Osaic Holdings
Arizona
$217K -$10.9K -767 -5%
ECM
35
Exchange Capital Management
Michigan
$204K +$198K +14,000 New
AIM
36
Arcadia Investment Management
Michigan
$177K – – –
LPIC
37
LeJeune Puetz Investment Counsel
Michigan
$168K – – –
BAM
38
Barrett Asset Management
New York
$158K – – –
OAM
39
Occidental Asset Management
California
$146K – – –
NFG
40
Next Financial Group
Texas
$141K – – –
CF
41
Centaurus Financial
California
$101K +$98.2K +6,932 New
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
$50K +$16.7K +1,177 +52%
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$49K – – –
HNB
44
Huntington National Bank
Ohio
$15K – – –
BFEC
45
Benjamin F. Edwards & Company
Missouri
$13K – – –
Fifth Third Bancorp
46
Fifth Third Bancorp
Ohio
$12K -$71 -5 -0.6%
GEA
47
Glen Eagle Advisors
New Jersey
$10.1K – – –
ASN
48
Advisory Services Network
Georgia
$8K +$57 +4 +0.7%
Northern Trust
49
Northern Trust
Illinois
$5K +$623 +44 +0.2%
Rockefeller Capital Management
50
Rockefeller Capital Management
New York
– -$82K -5,872 Closed
1
2
3

MIY Hedge Fund Activity: Q4 2020 in Review

49 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2020, worth a combined $71.9M — down 0.74% from $72.4M a quarter earlier.

Fund positioning in MIY was balanced in Q4 2020: 3 funds opened new positions, 3 closed out, 14 added to existing stakes and 17 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $1.13M. The largest seller was Karpus Investment Management, cutting an estimated $3.19M.

  • 49 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2020, unchanged from Q3 2020.
  • Funds reported $71.9M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2020, down 0.74% quarter-over-quarter.
  • 3 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2020 and 3 closed out, a net change of 0 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2020 was Royal Bank of Canada, an estimated $1.13M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2020 was Karpus Investment Management, an estimated $3.19M sold.

Based on aggregated 13F filings for Q4 2020.