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BlackRock MuniYield Michigan Quality Fund
MIY

49 hedge funds and large institutions have $67.6M invested in BlackRock MuniYield Michigan Quality Fund in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 11

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

2% more funds holding

Funds holding: 48 → 49 (+1)

1% more capital invested

Capital invested by funds: $66.9M → $67.6M (+$648K)

0.23% less ownership

Funds ownership: 15.16% → 14.93% (-0.23%)

Holders
49
Holders Change
+1
Holders Change %
+2.08%
% of All Funds
0.85%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
15
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Stifel Financial
Stifel Financial
Missouri
+$988K
2
PMFA
Plante Moran Financial Advisors
Michigan
+$401K
3
Morgan Stanley
Morgan Stanley
New York
+$317K
4
PAG
Private Advisor Group
New Jersey
+$200K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$149K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$1.5M
2
RCA
Reitz Capital Advisors
Michigan
-$764K
3
Bank of America
Bank of America
North Carolina
-$758K
4
MSL
Mackay Shields LLC
New York
-$230K
5
RCM
Robinson Capital Management
Michigan
-$111K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$559K +$149K +9,771 +37%
SAM
27
Secure Asset Management
Michigan
$541K +$84K +5,494 +19%
AWA
28
Acorn Wealth Advisors
Michigan
$383K -$61 -4 -0%
RWA
29
Redhawk Wealth Advisors
Minnesota
$308K – – –
Osaic Holdings
30
Osaic Holdings
Arizona
$271K +$40.8K +2,670 +18%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$253K – – –
Mercer Global Advisors
32
Mercer Global Advisors
Colorado
$218K – – –
PAG
33
Private Advisor Group
New Jersey
$201K +$200K +13,060 New
AIM
34
Arcadia Investment Management
Michigan
$187K – – –
LPIC
35
LeJeune Puetz Investment Counsel
Michigan
$178K – – –
BAM
36
Barrett Asset Management
New York
$167K – – –
OAM
37
Occidental Asset Management
California
$154K – – –
NFG
38
Next Financial Group
Texas
$149K – – –
CF
39
Centaurus Financial
California
$107K – – –
CFGS
40
Concourse Financial Group Securities
Alabama
$90K +$89.3K +5,842 New
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$39K -$13.4K -875 -26%
HNB
42
Huntington National Bank
Ohio
$15K – – –
BFEC
43
Benjamin F. Edwards & Company
Missouri
$14K – – –
GEA
44
Glen Eagle Advisors
New Jersey
$10.7K – – –
SWM
45
Spire Wealth Management
Virginia
$10K +$92 +6 +1%
ASN
46
Advisory Services Network
Georgia
$9K +$8.96K +586 New
HI
47
Harbour Investments
Wisconsin
$6K – – –
Northern Trust
48
Northern Trust
Illinois
$4K – – –
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
– -$27K -1,780 Closed
GI
50
Gradient Investments
Minnesota
– -$23K -1,529 Closed
1
2
3

MIY Hedge Fund Activity: Q2 2021 in Review

49 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2021, worth a combined $67.6M — up 0.97% from $66.9M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new MIY positions and 3 closed out — a net gain of 1 holder — while 15 added to existing stakes and 11 trimmed.

The largest buyer was Stifel Financial, adding an estimated $988K. The largest seller was Wells Fargo, cutting an estimated $1.5M.

  • 49 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2021, up from 48 in Q1 2021.
  • Funds reported $67.6M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2021, up 0.97% quarter-over-quarter.
  • 4 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2021 and 3 closed out, a net change of +1 holder.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2021 was Stifel Financial, an estimated $988K added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2021 was Wells Fargo, an estimated $1.5M sold.

Based on aggregated 13F filings for Q2 2021.