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BlackRock MuniYield Michigan Quality Fund
MIY

59 hedge funds and large institutions have $70.1M invested in BlackRock MuniYield Michigan Quality Fund in 2024 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

38% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 13

0% more funds holding

Funds holding: 59 → 59 (0)

0.55% less ownership

Funds ownership: 22.14% → 21.6% (-0.55%)

9% less capital invested

Capital invested by funds: $77.1M → $70.1M (-$6.98M)

Holders
59
Holders Change
–
Holders Change %
0%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
18
Reduced
13
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KAS
Kestra Advisory Services
Texas
+$906K
2
Osaic Holdings
Osaic Holdings
Arizona
+$645K
3
LPL Financial
LPL Financial
California
+$492K
4
Bank of America
Bank of America
North Carolina
+$331K
5
Stifel Financial
Stifel Financial
Missouri
+$308K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$2.05M
2
LSC
Logan Stone Capital
Illinois
-$813K
3
AA
AQR Arbitrage
Connecticut
-$694K
4
WAM
Wolverine Asset Management
Illinois
-$563K
5
SP
Stonebrook Private
Michigan
-$436K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCA
26
Transcend Capital Advisors
New Jersey
$420K -$111K -9,500 -20%
CFGSD
27
Compass Financial Group (South Dakota)
South Dakota
$355K – – –
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$325K – – –
FCMA
29
Foresight Capital Management Advisors
Michigan
$297K – – –
PAG
30
Private Advisor Group
New Jersey
$296K +$4.86K +415 +2%
AWA
31
Acorn Wealth Advisors
Michigan
$267K – – –
RWP
32
RWA Wealth Partners
Massachusetts
$241K -$41K -3,500 -14%
WMA
33
West Michigan Advisors
Michigan
$230K – – –
Bank of Montreal
34
Bank of Montreal
Ontario, Canada
$221K +$10.7K +913 +5%
CAAS
35
Capital Asset Advisory Services
Michigan
$219K +$2.34K +200 +1%
PCM
36
Pointe Capital Management
Michigan
$215K – – –
AWM
37
Axxcess Wealth Management
California
$215K +$2.34K +200 +1%
Focus Partners Wealth
38
Focus Partners Wealth
Massachusetts
$213K – – –
FCM
39
Family Capital Management
Michigan
$200K – – –
UBS Group
40
UBS Group
Switzerland
$198K +$72.6K +6,200 +54%
Susquehanna International Group
41
Susquehanna International Group
Pennsylvania
$191K +$200K +17,095 New
Northern Trust
42
Northern Trust
Illinois
$155K +$1.08K +92 +0.7%
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$154K +$161K +13,745 New
SRC
44
Shufro Rose & Co
New York
$140K – – –
HI
45
Harbour Investments
Wisconsin
$136K – – –
Nomura Holdings
46
Nomura Holdings
Japan
$135K +$141K +12,035 New
Comerica Bank
47
Comerica Bank
Texas
$130K -$43.6K -3,724 -24%
WKWM
48
Walter & Keenan Wealth Management
Indiana
$129K +$2.39K +204 +2%
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
$121K – – –
BBPWM
50
Blue Bell Private Wealth Management
Pennsylvania
$77.4K -$6.29K -537 -7%
1
2
3

MIY Hedge Fund Activity: Q4 2024 in Review

59 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2024, worth a combined $70.1M — down 9.1% from $77.1M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new MIY positions and 5 closed out — a net gain of 2 holders — while 18 added to existing stakes and 13 trimmed.

The largest buyer was Kestra Advisory Services, adding an estimated $906K. The largest seller was Saba Capital Management, cutting an estimated $2.05M.

  • 59 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2024, unchanged from Q3 2024.
  • Funds reported $70.1M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2024, down 9.1% quarter-over-quarter.
  • 7 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2024 and 5 closed out, a net change of +2 holders.
  • The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2024 was Kestra Advisory Services, an estimated $906K added.
  • The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2024 was Saba Capital Management, an estimated $2.05M sold.

Based on aggregated 13F filings for Q4 2024.