BlackRock MuniYield Michigan Quality Fund
MIY
53 hedge funds and large institutions have $75.5M invested in BlackRock MuniYield Michigan Quality Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
6% more funds holding
Funds holding: 50 → 53 (+3)
1% more capital invested
Capital invested by funds: $74.8M → $75.5M (+$707K)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.18% less ownership
Funds ownership: 18.41% → 18.24% (-0.18%)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.67M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$438K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$423K |
| 4 |
TC
Telemus Capital
Southfield,
Michigan
|
+$181K |
| 5 |
AIM
Arcadia Investment Management
Kalamazoo,
Michigan
|
+$179K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.45M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$993K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$643K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$424K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$166K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EW
51
Evoke Wealth
Los Angeles,
California
| $1.13K | +$1.13K | +80 | New |
|
52
Fifth Third Bancorp
Cincinnati,
Ohio
| $1K | -$11.8K | -839 | -92% |
|
|
RWA
53
Redhawk Wealth Advisors
Minneapolis,
Minnesota
| – | -$111K | -8,050 | Closed |
|
MIY Hedge Fund Activity: Q3 2019 in Review
53 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2019, worth a combined $75.5M — up 0.94% from $74.8M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MIY positions and 1 closed out — a net gain of 3 holders — while 14 added to existing stakes and 15 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $2.67M. The largest seller was Fiera Capital (Canada), cutting an estimated $2.45M.
- 53 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2019, up from 50 in Q2 2019.
- Funds reported $75.5M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2019, up 0.94% quarter-over-quarter.
- 4 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2019 and 1 closed out, a net change of +3 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2019 was Saba Capital Management, an estimated $2.67M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2019 was Fiera Capital (Canada), an estimated $2.45M sold.
Based on aggregated 13F filings for Q3 2019.