BlackRock MuniYield Michigan Quality Fund
MIY
53 hedge funds and large institutions have $75.9M invested in BlackRock MuniYield Michigan Quality Fund in 2019 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 8 reducing their positions, and 6 closing their positions.
163% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 8
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
1% more capital invested
Capital invested by funds: $75.5M → $75.9M (+$419K)
0% more funds holding
Funds holding: 53 → 53 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.01% less ownership
Funds ownership: 18.24% → 18.22% (-0.01%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$874K |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$804K |
| 3 |
Morgan Stanley
New York
|
+$703K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$643K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$521K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.78M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$548K |
| 3 |
TC
Telemus Capital
Southfield,
Michigan
|
-$179K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$172K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$156K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
JP Morgan Chase
New York
| $3K | +$2.48K | +177 | New |
|
|
PAM
52
Panagora Asset Management
Boston,
Massachusetts
| $2K | +$1.57K | +112 | New |
|
|
LCM
53
Landscape Capital Management
Englewood,
New Jersey
| – | -$548K | -39,038 | Closed |
|
|
TC
54
Telemus Capital
Southfield,
Michigan
| – | -$179K | -12,795 | Closed |
|
|
55
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$172K | -12,216 | Closed |
|
|
AA
56
AQR Arbitrage
Greenwich,
Connecticut
| – | -$148K | -10,544 | Closed |
|
|
FIA
57
FNY Investment Advisers
New York
| – | -$2K | -172 | Closed |
|
|
EW
58
Evoke Wealth
Los Angeles,
California
| – | -$1.13K | -80 | Closed |
|
MIY Hedge Fund Activity: Q4 2019 in Review
53 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2019, worth a combined $75.9M — up 0.55% from $75.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MIY positions and 6 closed out — a net gain of 1 holder — while 21 added to existing stakes and 8 trimmed.
The largest buyer was Allianz Asset Management, opening a new position worth an estimated $874K. The largest seller was Sit Investment Associates, cutting an estimated $3.78M.
- 53 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $75.9M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2019, up 0.55% quarter-over-quarter.
- 7 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2019 and 6 closed out, a net change of +1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2019 was Allianz Asset Management, an estimated $874K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2019 was Sit Investment Associates, an estimated $3.78M sold.
Based on aggregated 13F filings for Q4 2019.