BlackRock MuniYield Michigan Quality Fund
MIY
49 hedge funds and large institutions have $70.9M invested in BlackRock MuniYield Michigan Quality Fund in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
30% more capital invested
Capital invested by funds: $54.5M → $70.9M (+$16.4M)
17% more funds holding
Funds holding: 42 → 49 (+7)
4.33% more ownership
Funds ownership: 15% → 19.33% (+4.3%)
8% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.59M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.92M |
| 3 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$2.59M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.54M |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$690K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.03M |
| 2 |
Morgan Stanley
New York
|
-$1M |
| 3 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
-$741K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$294K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$263K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Walleye Trading
New York
| – | -$76K | -6,100 | Closed |
|
|
SWP
52
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$49K | -3,923 | Closed |
|
|
FIA
53
FNY Investment Advisers
New York
| – | -$1K | -90 | Closed |
|
MIY Hedge Fund Activity: Q4 2018 in Review
49 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2018, worth a combined $70.9M — up 30% from $54.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MIY positions and 4 closed out — a net gain of 7 holders — while 13 added to existing stakes and 12 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $5.59M. The largest seller was Curi RMB Capital, cutting an estimated $1.03M.
- 49 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2018, up from 42 in Q3 2018.
- Funds reported $70.9M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2018, up 30% quarter-over-quarter.
- 11 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2018 and 4 closed out, a net change of +7 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2018 was Saba Capital Management, an estimated $5.59M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2018 was Curi RMB Capital, an estimated $1.03M sold.
Based on aggregated 13F filings for Q4 2018.