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BlackRock MuniYield Michigan Quality Fund
MIY

45 hedge funds and large institutions have $58.7M invested in BlackRock MuniYield Michigan Quality Fund in 2022 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.06% less ownership

Funds ownership: 16.23% → 16.17% (-0.06%)

6% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 16

6% less capital invested

Capital invested by funds: $62.5M → $58.7M (-$3.85M)

8% less funds holding

Funds holding: 49 → 45 (-4)

67% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 6

Holders
45
Holders Change
-4
Holders Change %
-8.16%
% of All Funds
0.78%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
2
Increased
15
Reduced
16
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CAN
Cetera Advisor Networks
California
+$599K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$395K
3
Wells Fargo
Wells Fargo
California
+$382K
4
Morgan Stanley
Morgan Stanley
New York
+$339K
5
RCA
Reitz Capital Advisors
Michigan
+$324K

Top Sellers

Rank Fund Capital Flow
1
IWC
Integrated Wealth Concepts
Massachusetts
-$813K
2
MSL
Mackay Shields LLC
New York
-$519K
3
Baird Financial Group
Baird Financial Group
Wisconsin
-$369K
4
SIA
Sit Investment Associates
Minnesota
-$327K
5
Mercer Global Advisors
Mercer Global Advisors
Colorado
-$180K
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
26
Secure Asset Management
Michigan
$458K +$55.2K +4,132 +13%
Susquehanna International Group
27
Susquehanna International Group
Pennsylvania
$367K +$395K +29,607 New
SPC
28
Sigma Planning Corp
Michigan
$316K -$168K -12,551 -33%
FCMA
29
Foresight Capital Management Advisors
Michigan
$304K -$90.4K -6,770 -22%
AWA
30
Acorn Wealth Advisors
Michigan
$303K +$15K +1,126 +5%
PAG
31
Private Advisor Group
New Jersey
$299K +$3.48K +261 +1%
Osaic Holdings
32
Osaic Holdings
Arizona
$250K +$79.1K +5,924 +41%
LCM
33
Liberty Capital Management
Michigan
$159K – – –
WMA
34
West Michigan Advisors
Michigan
$156K – – –
RWA
35
Redhawk Wealth Advisors
Minnesota
$149K – – –
LPIC
36
LeJeune Puetz Investment Counsel
Michigan
$143K – – –
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$139K -$63.9K -4,786 -30%
CFGS
38
Concourse Financial Group Securities
Alabama
$73K – – –
Fifth Third Bancorp
39
Fifth Third Bancorp
Ohio
$62K – – –
UB
40
UMB Bank
Missouri
$13K – – –
BFEC
41
Benjamin F. Edwards & Company
Missouri
$11K – – –
FIA
42
FNY Investment Advisers
New York
$6K – – –
Northern Trust
43
Northern Trust
Illinois
$2K -$122K -9,137 -31%
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$195 +$17.3K +1,292 +10%
IWC
45
Integrated Wealth Concepts
Massachusetts
– -$813K -61,856 Closed
Mercer Global Advisors
46
Mercer Global Advisors
Colorado
– -$180K -13,651 Closed
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
– -$33K -2,500 Closed
CA
48
CoreCap Advisors
Michigan
– -$28K -2,099 Closed
SWM
49
Spire Wealth Management
Virginia
– -$9K -664 Closed
1
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MIY Hedge Fund Activity: Q3 2022 in Review

45 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2022, worth a combined $58.7M — down 6.2% from $62.5M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of MIY and 2 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 15 added.

The largest buyer was Cetera Advisor Networks, opening a new position worth an estimated $599K. The largest seller was Integrated Wealth Concepts, exiting entirely with an estimated $813K sold.

  • 45 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2022, down from 49 in Q2 2022.
  • Funds reported $58.7M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2022, down 6.2% quarter-over-quarter.
  • 2 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2022 and 6 closed out, a net change of -4 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2022 was Cetera Advisor Networks, an estimated $599K added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2022 was Integrated Wealth Concepts, an estimated $813K sold.

Based on aggregated 13F filings for Q3 2022.