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BlackRock MuniYield Michigan Quality Fund
MIY

47 hedge funds and large institutions have $65.8M invested in BlackRock MuniYield Michigan Quality Fund in 2021 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

0.44% less ownership

Funds ownership: 14.93% → 14.48% (-0.44%)

3% less capital invested

Capital invested by funds: $67.6M → $65.8M (-$1.78M)

4% less funds holding

Funds holding: 49 → 47 (-2)

67% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 3

Holders
47
Holders Change
-2
Holders Change %
-4.08%
% of All Funds
0.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
16
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.04M
2
RCA
Reitz Capital Advisors
Michigan
+$256K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$256K
4
TCA
Transcend Capital Advisors
New Jersey
+$222K
5
WKWM
Walter & Keenan Wealth Management
Indiana
+$183K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$1.26M
2
UBS Group
UBS Group
Switzerland
-$1.06M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$629K
4
MSL
Mackay Shields LLC
New York
-$606K
5
PMFA
Plante Moran Financial Advisors
Michigan
-$403K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
26
Robinson Capital Management
Michigan
$348K -$1.26M -80,278 -78%
RWA
27
Redhawk Wealth Advisors
Minnesota
$325K +$15.6K +1,000 +5%
PAG
28
Private Advisor Group
New Jersey
$312K +$111K +7,119 +55%
Osaic Holdings
29
Osaic Holdings
Arizona
$272K +$735 +47 +0.3%
PMFA
30
Plante Moran Financial Advisors
Michigan
$263K -$403K -25,792 -60%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$254K – – –
Mercer Global Advisors
32
Mercer Global Advisors
Colorado
$219K – – –
AIM
33
Arcadia Investment Management
Michigan
$188K – – –
LPIC
34
LeJeune Puetz Investment Counsel
Michigan
$179K – – –
BAM
35
Barrett Asset Management
New York
$168K – – –
OAM
36
Occidental Asset Management
California
$155K – – –
NFG
37
Next Financial Group
Texas
$149K – – –
CF
38
Centaurus Financial
California
$107K – – –
CFGS
39
Concourse Financial Group Securities
Alabama
$91K – – –
Fifth Third Bancorp
40
Fifth Third Bancorp
Ohio
$77K +$78.2K +5,000 New
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$39K – – –
HNB
42
Huntington National Bank
Ohio
$15K – – –
BFEC
43
Benjamin F. Edwards & Company
Missouri
$14K – – –
GEA
44
Glen Eagle Advisors
New Jersey
$10.8K – – –
SWM
45
Spire Wealth Management
Virginia
$10K +$109 +7 +1%
HI
46
Harbour Investments
Wisconsin
$6K – – –
Northern Trust
47
Northern Trust
Illinois
$4K – – –
Fiera Capital (Canada)
48
Fiera Capital (Canada)
Quebec, Canada
– -$629K -40,839 Closed
ASN
49
Advisory Services Network
Georgia
– -$9K -586 Closed
1
2

MIY Hedge Fund Activity: Q3 2021 in Review

47 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2021, worth a combined $65.8M — down 2.6% from $67.6M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of MIY and 1 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 16 added.

The largest buyer was Morgan Stanley, adding an estimated $1.04M. The largest seller was Robinson Capital Management, cutting an estimated $1.26M.

  • 47 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2021, down from 49 in Q2 2021.
  • Funds reported $65.8M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2021, down 2.6% quarter-over-quarter.
  • 1 fund opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2021 and 3 closed out, a net change of -2 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2021 was Morgan Stanley, an estimated $1.04M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2021 was Robinson Capital Management, an estimated $1.26M sold.

Based on aggregated 13F filings for Q3 2021.