BlackRock MuniYield Michigan Quality Fund
MIY
49 hedge funds and large institutions have $67.6M invested in BlackRock MuniYield Michigan Quality Fund in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 3 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
2% more funds holding
Funds holding: 48 → 49 (+1)
1% more capital invested
Capital invested by funds: $66.9M → $67.6M (+$648K)
0.23% less ownership
Funds ownership: 15.16% → 14.93% (-0.23%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$988K |
| 2 |
PMFA
Plante Moran Financial Advisors
Southfield,
Michigan
|
+$401K |
| 3 |
Morgan Stanley
New York
|
+$317K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$200K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$149K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.5M |
| 2 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
-$764K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$758K |
| 4 |
MSL
Mackay Shields LLC
New York
|
-$230K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$111K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Rockefeller Capital Management
New York
| – | -$4K | -326 | Closed |
|
52
Fidelity Investments
Boston,
Massachusetts
| – | +$15 | +1 | New |
|
MIY Hedge Fund Activity: Q2 2021 in Review
49 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2021, worth a combined $67.6M — up 0.97% from $66.9M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MIY positions and 3 closed out — a net gain of 1 holder — while 15 added to existing stakes and 11 trimmed.
The largest buyer was Stifel Financial, adding an estimated $988K. The largest seller was Wells Fargo, cutting an estimated $1.5M.
- 49 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2021, up from 48 in Q1 2021.
- Funds reported $67.6M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2021, up 0.97% quarter-over-quarter.
- 4 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2021 and 3 closed out, a net change of +1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2021 was Stifel Financial, an estimated $988K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2021 was Wells Fargo, an estimated $1.5M sold.
Based on aggregated 13F filings for Q2 2021.