BlackRock MuniYield Michigan Quality Fund
MIY
44 hedge funds and large institutions have $72M invested in BlackRock MuniYield Michigan Quality Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 8 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
2% more capital invested
Capital invested by funds: $70.9M → $72M (+$1.1M)
1.1% less ownership
Funds ownership: 19.33% → 18.23% (-1.1%)
10% less funds holding
Funds holding: 49 → 44 (-5)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.07M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$758K |
| 3 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
+$490K |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$439K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$214K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$2.59M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.39M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$602K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$573K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$429K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$12K | -936 | Closed |
|
52
Fidelity Investments
Boston,
Massachusetts
| – | -$11K | -911 | Closed |
|
MIY Hedge Fund Activity: Q1 2019 in Review
44 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2019, worth a combined $72M — up 1.5% from $70.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MIY and 4 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 16 added.
The largest buyer was Karpus Investment Management, adding an estimated $1.07M. The largest seller was Claybrook Capital, exiting entirely with an estimated $2.59M sold.
- 44 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2019, down from 49 in Q4 2018.
- Funds reported $72M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2019, up 1.5% quarter-over-quarter.
- 4 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2019 and 8 closed out, a net change of -4 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2019 was Karpus Investment Management, an estimated $1.07M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2019 was Claybrook Capital, an estimated $2.59M sold.
Based on aggregated 13F filings for Q1 2019.