BlackRock MuniYield Michigan Quality Fund
MIY
64 hedge funds and large institutions have $61.7M invested in BlackRock MuniYield Michigan Quality Fund in 2022 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 13 increasing their positions, 21 reducing their positions, and 3 closing their positions.
667% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 3
42% more funds holding
Funds holding: 45 → 64 (+19)
5% more capital invested
Capital invested by funds: $58.7M → $61.7M (+$2.97M)
2.7% more ownership
Funds ownership: 16.17% → 18.86% (+2.7%)
38% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 21
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.37M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$2.9M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.24M |
| 4 |
SAM
Secure Asset Management
Troy,
Michigan
|
+$1.13M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$997K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$1.51M |
| 2 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
-$1.12M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$480K |
| 4 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
-$423K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$387K |
MIY Hedge Fund Activity: Q4 2022 in Review
64 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2022, worth a combined $61.7M — up 5.1% from $58.7M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new MIY positions and 3 closed out — a net gain of 20 holders — while 13 added to existing stakes and 21 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $3.37M. The largest seller was Mackay Shields LLC, cutting an estimated $1.51M.
- 64 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2022, up from 45 in Q3 2022.
- Funds reported $61.7M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2022, up 5.1% quarter-over-quarter.
- 23 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2022 and 3 closed out, a net change of +20 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2022 was Robinson Capital Management, an estimated $3.37M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2022 was Mackay Shields LLC, an estimated $1.51M sold.
Based on aggregated 13F filings for Q4 2022.