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BlackRock MuniYield Michigan Quality Fund
MIY

59 hedge funds and large institutions have $77.1M invested in BlackRock MuniYield Michigan Quality Fund in 2024 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 13

1% more capital invested

Capital invested by funds: $76.4M → $77.1M (+$704K)

0.9% less ownership

Funds ownership: 23.04% → 22.14% (-0.9%)

8% less funds holding

Funds holding: 64 → 59 (-5)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
59
Holders Change
-5
Holders Change %
-7.81%
% of All Funds
0.85%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
22
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KAS
Kestra Advisory Services
Texas
+$1.6M
2
RCM
Robinson Capital Management
Michigan
+$646K
3
WAM
Wolverine Asset Management
Illinois
+$441K
4
RCM
Rivernorth Capital Management
Florida
+$293K
5
Stifel Financial
Stifel Financial
Missouri
+$279K

Top Sellers

Rank Fund Capital Flow
1
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$1.97M
2
SIA
Sit Investment Associates
Minnesota
-$1.76M
3
SAM
Secure Asset Management
Michigan
-$1.46M
4
FPCP
Fort Point Capital Partners
California
-$670K
5
AA
AQR Arbitrage
Connecticut
-$607K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$395K +$14.4K +1,230 +4%
CFGSD
27
Compass Financial Group (South Dakota)
South Dakota
$381K – – –
Osaic Holdings
28
Osaic Holdings
Arizona
$367K +$105K +8,960 +42%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$349K +$7.95K +679 +2%
FCMA
30
Foresight Capital Management Advisors
Michigan
$319K – – –
PAG
31
Private Advisor Group
New Jersey
$313K +$3.23K +276 +1%
RJA
32
Raymond James & Associates
Florida
$312K -$24.1K -2,058 -7%
RWP
33
RWA Wealth Partners
Massachusetts
$301K +$41K +3,500 +16%
AWA
34
Acorn Wealth Advisors
Michigan
$286K – – –
WMA
35
West Michigan Advisors
Michigan
$248K +$241K +20,596 New
Baird Financial Group
36
Baird Financial Group
Wisconsin
$242K -$11.7K -1,003 -5%
PCM
37
Pointe Capital Management
Michigan
$231K – – –
AWM
38
Axxcess Wealth Management
California
$229K +$5.86K +500 +3%
Focus Partners Wealth
39
Focus Partners Wealth
Massachusetts
$229K +$223K +19,035 New
CAAS
40
Capital Asset Advisory Services
Michigan
$227K +$5.86K +500 +3%
Bank of Montreal
41
Bank of Montreal
Ontario, Canada
$226K +$3.54K +302 +2%
FCM
42
Family Capital Management
Michigan
$215K – – –
Citadel Advisors
43
Citadel Advisors
Florida
$194K +$189K +16,178 New
Comerica Bank
44
Comerica Bank
Texas
$184K +$22.1K +1,883 +14%
Northern Trust
45
Northern Trust
Illinois
$166K +$621 +53 +0.4%
FA
46
FSA Advisors
Michigan
$150K +$146K +12,459 New
HI
47
Harbour Investments
Wisconsin
$147K – – –
SRC
48
Shufro Rose & Co
New York
$143K – – –
UBS Group
49
UBS Group
Switzerland
$139K -$29.5K -2,515 -18%
WKWM
50
Walter & Keenan Wealth Management
Indiana
$136K -$51.1K -4,365 -28%
1
2
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MIY Hedge Fund Activity: Q3 2024 in Review

59 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2024, worth a combined $77.1M — up 0.92% from $76.4M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of MIY and 5 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 22 added.

The largest buyer was Kestra Advisory Services, opening a new position worth an estimated $1.6M. The largest seller was Cetera Investment Advisers, cutting an estimated $1.97M.

  • 59 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2024, down from 64 in Q2 2024.
  • Funds reported $77.1M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2024, up 0.92% quarter-over-quarter.
  • 5 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2024 and 8 closed out, a net change of -3 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2024 was Kestra Advisory Services, an estimated $1.6M added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2024 was Cetera Investment Advisers, an estimated $1.97M sold.

Based on aggregated 13F filings for Q3 2024.