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BlackRock MuniYield Michigan Quality Fund
MIY

64 hedge funds and large institutions have $64.6M invested in BlackRock MuniYield Michigan Quality Fund in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 16

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

5% more capital invested

Capital invested by funds: $61.7M → $64.6M (+$2.99M)

0.6% more ownership

Funds ownership: 18.86% → 19.47% (+0.6%)

0% more funds holding

Funds holding: 64 → 64 (0)

Holders
64
Holders Change
–
Holders Change %
0%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
24
Reduced
16
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$2.36M
2
SCM
Saba Capital Management
New York
+$763K
3
LSC
Logan Stone Capital
Illinois
+$509K
4
RCM
Robinson Capital Management
Michigan
+$464K
5
Allspring Global Investments
Allspring Global Investments
North Carolina
+$413K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$2.28M
2
KeyBank National Association
KeyBank National Association
Ohio
-$682K
3
SM
SG3 Management
Puerto Rico
-$444K
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$226K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$221K
Name Holding Trade Value Shares
Change 		Change in
Stake
MWM
26
Melfa Wealth Management
Massachusetts
$593K +$719 +63 +0.1%
MC
27
Matisse Capital
Oregon
$554K +$318K +27,864 +129%
WKWM
28
Walter & Keenan Wealth Management
Indiana
$523K +$58K +5,078 +12%
Stifel Financial
29
Stifel Financial
Missouri
$491K +$15.4K +1,352 +3%
Allspring Global Investments
30
Allspring Global Investments
North Carolina
$404K +$413K +36,146 New
LCM
31
Landscape Capital Management
New Jersey
$393K -$37.3K -3,270 -9%
Cetera Investment Advisers
32
Cetera Investment Advisers
Illinois
$369K -$171K -15,019 -31%
JP Morgan Chase
33
JP Morgan Chase
New York
$369K -$7.91K -693 -2%
Bank of Montreal
34
Bank of Montreal
Ontario, Canada
$368K -$21.5K -1,884 -6%
CFGSD
35
Compass Financial Group (South Dakota)
South Dakota
$355K – – –
PCM
36
Pointe Capital Management
Michigan
$350K – – –
IWC
37
Integrated Wealth Concepts
Massachusetts
$303K – – –
IA
38
IFP Advisors
Florida
$292K -$220K -19,250 -47%
UBS Group
39
UBS Group
Switzerland
$288K -$131K -11,486 -31%
Osaic Holdings
40
Osaic Holdings
Arizona
$285K +$103K +9,046 +55%
AWA
41
Acorn Wealth Advisors
Michigan
$282K +$7.99K +700 +3%
PAG
42
Private Advisor Group
New Jersey
$275K +$1.72K +151 +0.6%
LPIC
43
LeJeune Puetz Investment Counsel
Michigan
$241K – – –
LFAS
44
Level Four Advisory Services
Texas
$203K +$207K +18,137 New
FCM
45
Family Capital Management
Michigan
$201K – – –
VF
46
Virtu Financial
New York
$198K +$87K +7,624 +76%
Susquehanna International Group
47
Susquehanna International Group
Pennsylvania
$182K +$185K +16,239 New
Northern Trust
48
Northern Trust
Illinois
$169K -$56.8K -4,974 -25%
CAAS
49
Capital Asset Advisory Services
Michigan
$167K – – –
SPC
50
Sigma Planning Corp
Michigan
$166K -$29.3K -2,567 -15%
1
2
3

MIY Hedge Fund Activity: Q1 2023 in Review

64 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2023, worth a combined $64.6M — up 4.8% from $61.7M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new MIY positions and 6 closed out — a net gain of 1 holder — while 24 added to existing stakes and 16 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $2.36M. The largest seller was Mackay Shields LLC, cutting an estimated $2.28M.

  • 64 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $64.6M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2023, up 4.8% quarter-over-quarter.
  • 7 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2023 and 6 closed out, a net change of +1 holder.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2023 was Rivernorth Capital Management, an estimated $2.36M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2023 was Mackay Shields LLC, an estimated $2.28M sold.

Based on aggregated 13F filings for Q1 2023.