BlackRock MuniYield Michigan Quality Fund
MIY
47 hedge funds and large institutions have $69.2M invested in BlackRock MuniYield Michigan Quality Fund in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 7 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.43% less ownership
Funds ownership: 18.22% → 17.79% (-0.43%)
9% less capital invested
Capital invested by funds: $75.9M → $69.2M (-$6.77M)
11% less funds holding
Funds holding: 53 → 47 (-6)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.33M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$776K |
| 3 |
Goldman Sachs
New York
|
+$342K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$210K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.89M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$883K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$696K |
| 4 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
-$675K |
| 5 |
Morgan Stanley
New York
|
-$530K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
51
Wolverine Asset Management
Chicago,
Illinois
| – | -$83K | -5,898 | Closed |
|
|
PMFA
52
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$21.1K | -1,500 | Closed |
|
53
JP Morgan Chase
New York
| – | -$3K | -177 | Closed |
|
MIY Hedge Fund Activity: Q1 2020 in Review
47 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2020, worth a combined $69.2M — down 8.9% from $75.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MIY and 3 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 16 added.
The largest buyer was Bank of America, adding an estimated $1.33M. The largest seller was Robinson Capital Management, cutting an estimated $1.89M.
- 47 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2020, down from 53 in Q4 2019.
- Funds reported $69.2M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2020, down 8.9% quarter-over-quarter.
- 3 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2020 and 7 closed out, a net change of -4 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2020 was Bank of America, an estimated $1.33M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2020 was Robinson Capital Management, an estimated $1.89M sold.
Based on aggregated 13F filings for Q1 2020.