BlackRock MuniYield Michigan Quality Fund
MIY
51 hedge funds and large institutions have $71.3M invested in BlackRock MuniYield Michigan Quality Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
9% more funds holding
Funds holding: 47 → 51 (+4)
3% more capital invested
Capital invested by funds: $69.2M → $71.3M (+$2.11M)
0.11% more ownership
Funds ownership: 17.79% → 17.9% (+0.11%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$952K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$715K |
| 3 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
+$626K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$607K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$551K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.48M |
| 2 |
Morgan Stanley
New York
|
-$517K |
| 3 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
-$481K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$438K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$329K |
MIY Hedge Fund Activity: Q2 2020 in Review
51 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2020, worth a combined $71.3M — up 3% from $69.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MIY positions and 3 closed out — a net gain of 4 holders — while 16 added to existing stakes and 14 trimmed.
The largest buyer was UBS Group, adding an estimated $952K. The largest seller was Saba Capital Management, cutting an estimated $2.48M.
- 51 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2020, up from 47 in Q1 2020.
- Funds reported $71.3M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2020, up 3% quarter-over-quarter.
- 7 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2020 and 3 closed out, a net change of +4 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2020 was UBS Group, an estimated $952K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2020 was Saba Capital Management, an estimated $2.48M sold.
Based on aggregated 13F filings for Q2 2020.