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BlackRock MuniYield Michigan Quality Fund
MIY

49 hedge funds and large institutions have $62.5M invested in BlackRock MuniYield Michigan Quality Fund in 2022 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

73% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 11

0% more capital invested

Capital invested by funds: $62.3M → $62.5M (+$199K)

0.33% less ownership

Funds ownership: 16.56% → 16.23% (-0.33%)

4% less funds holding

Funds holding: 51 → 49 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
49
Holders Change
-2
Holders Change %
-3.92%
% of All Funds
0.83%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
4
Increased
19
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
IWC
Integrated Wealth Concepts
Massachusetts
+$802K
2
Wells Fargo
Wells Fargo
California
+$760K
3
Bank of America
Bank of America
North Carolina
+$574K
4
FCMA
Foresight Capital Management Advisors
Michigan
+$406K
5
MPW
Melone Private Wealth
Michigan
+$378K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.59M
2
Stifel Financial
Stifel Financial
Missouri
-$758K
3
Allspring Global Investments
Allspring Global Investments
North Carolina
-$597K
4
FIA
FNY Investment Advisers
New York
-$498K
5
LSC
Logan Stone Capital
Illinois
-$355K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$501K -$11.4K -877 -2%
SAM
27
Secure Asset Management
Michigan
$432K -$249K -19,179 -37%
FCMA
28
Foresight Capital Management Advisors
Michigan
$411K +$406K +31,288 New
PAG
29
Private Advisor Group
New Jersey
$314K +$3.46K +267 +1%
AWA
30
Acorn Wealth Advisors
Michigan
$307K +$688 +53 +0.2%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$211K +$29.7K +2,291 +17%
Osaic Holdings
32
Osaic Holdings
Arizona
$189K +$39 +3 +0%
Mercer Global Advisors
33
Mercer Global Advisors
Colorado
$180K – – –
LCM
34
Liberty Capital Management
Michigan
$169K – – –
WMA
35
West Michigan Advisors
Michigan
$165K – – –
RWA
36
Redhawk Wealth Advisors
Minnesota
$158K -$51.9K -4,000 -25%
LPIC
37
LeJeune Puetz Investment Counsel
Michigan
$151K – – –
CFGS
38
Concourse Financial Group Securities
Alabama
$77K – – –
Fifth Third Bancorp
39
Fifth Third Bancorp
Ohio
$66K – – –
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$33K – – –
CA
41
CoreCap Advisors
Michigan
$28K +$27.2K +2,099 New
UB
42
UMB Bank
Missouri
$13K – – –
BFEC
43
Benjamin F. Edwards & Company
Missouri
$12K – – –
SWM
44
Spire Wealth Management
Virginia
$9K +$117 +9 +1%
FIA
45
FNY Investment Advisers
New York
$6K -$498K -38,350 -99%
Northern Trust
46
Northern Trust
Illinois
$3K +$119K +9,137 +46%
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$176 +$1.32K +102 +0.8%
Allspring Global Investments
48
Allspring Global Investments
North Carolina
– -$597K -46,618 Closed
LSC
49
Logan Stone Capital
Illinois
– -$355K -27,741 Closed
WAM
50
Wolverine Asset Management
Illinois
– -$322K -25,198 Closed
1
2
3

MIY Hedge Fund Activity: Q2 2022 in Review

49 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2022, worth a combined $62.5M — up 0.32% from $62.3M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of MIY and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 19 added.

The largest buyer was Integrated Wealth Concepts, opening a new position worth an estimated $802K. The largest seller was Sit Investment Associates, cutting an estimated $1.59M.

  • 49 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2022, down from 51 in Q1 2022.
  • Funds reported $62.5M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2022, up 0.32% quarter-over-quarter.
  • 4 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2022 and 6 closed out, a net change of -2 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2022 was Integrated Wealth Concepts, an estimated $802K added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2022 was Sit Investment Associates, an estimated $1.59M sold.

Based on aggregated 13F filings for Q2 2022.