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BlackRock MuniYield Michigan Quality Fund
MIY

51 hedge funds and large institutions have $62.3M invested in BlackRock MuniYield Michigan Quality Fund in 2022 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

9% more funds holding

Funds holding: 47 → 51 (+4)

1.19% more ownership

Funds ownership: 15.38% → 16.56% (+1.2%)

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

10% less capital invested

Capital invested by funds: $69.3M → $62.3M (-$6.96M)

Holders
51
Holders Change
+4
Holders Change %
+8.51%
% of All Funds
0.8%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
10
Increased
16
Reduced
15
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.69M
2
MPW
Melone Private Wealth
Michigan
+$617K
3
IA
IFP Advisors
Florida
+$570K
4
FIA
FNY Investment Advisers
New York
+$537K
5
Bank of America
Bank of America
North Carolina
+$444K

Top Sellers

Rank Fund Capital Flow
1
Allspring Global Investments
Allspring Global Investments
North Carolina
-$421K
2
RJA
Raymond James & Associates
Florida
-$189K
3
AIM
Arcadia Investment Management
Michigan
-$186K
4
Millennium Management
Millennium Management
New York
-$170K
5
Morgan Stanley
Morgan Stanley
New York
-$154K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$541K +$41K +2,964 +8%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$499K -$2.54K -184 -0.5%
FIA
28
FNY Investment Advisers
New York
$497K +$537K +38,850 New
LSC
29
Logan Stone Capital
Illinois
$355K +$384K +27,741 New
WAM
30
Wolverine Asset Management
Illinois
$322K +$349K +25,198 New
PAG
31
Private Advisor Group
New Jersey
$302K +$2.27K +164 +0.7%
AWA
32
Acorn Wealth Advisors
Michigan
$298K +$3.85K +278 +1%
LCM
33
Landscape Capital Management
New Jersey
$234K +$253K +18,277 New
Walleye Capital
34
Walleye Capital
New York
$231K +$249K +18,006 New
RWA
35
Redhawk Wealth Advisors
Minnesota
$205K -$69.2K -5,000 -24%
VF
36
Virtu Financial
New York
$185K +$200K +14,468 New
Osaic Holdings
37
Osaic Holdings
Arizona
$183K +$14 +1 +0%
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$180K +$177K +12,767 New
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$176K -$32.4K -2,339 -15%
Mercer Global Advisors
40
Mercer Global Advisors
Colorado
$175K – – –
LCM
41
Liberty Capital Management
Michigan
$164K +$177K +12,832 New
WMA
42
West Michigan Advisors
Michigan
$161K +$174K +12,585 New
LPIC
43
LeJeune Puetz Investment Counsel
Michigan
$147K – – –
CFGS
44
Concourse Financial Group Securities
Alabama
$75K – – –
Fifth Third Bancorp
45
Fifth Third Bancorp
Ohio
$64K – – –
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$32K – – –
UB
47
UMB Bank
Missouri
$13K +$9.77K +706 +229%
BFEC
48
Benjamin F. Edwards & Company
Missouri
$11K – – –
SWM
49
Spire Wealth Management
Virginia
$8K +$83 +6 +0.9%
Northern Trust
50
Northern Trust
Illinois
$2K -$28.7K -2,078 -9%
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MIY Hedge Fund Activity: Q1 2022 in Review

51 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2022, worth a combined $62.3M — down 10% from $69.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MIY positions and 5 closed out — a net gain of 5 holders — while 16 added to existing stakes and 15 trimmed.

The largest buyer was Fiera Capital (Canada), adding an estimated $1.69M. The largest seller was Allspring Global Investments, cutting an estimated $421K.

  • 51 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2022, up from 47 in Q4 2021.
  • Funds reported $62.3M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2022, down 10% quarter-over-quarter.
  • 10 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2022 and 5 closed out, a net change of +5 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2022 was Fiera Capital (Canada), an estimated $1.69M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2022 was Allspring Global Investments, an estimated $421K sold.

Based on aggregated 13F filings for Q1 2022.