BlackRock MuniYield Michigan Quality Fund
MIY
23 hedge funds and large institutions have $12M invested in BlackRock MuniYield Michigan Quality Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 2 closing their positions.
3,307% more capital inflows, than outflows
Capital inflows: $3.7M | Capital outflows: $109K
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
10% more funds holding
Funds holding: 21 → 23 (+2)
1.45% more ownership
Funds ownership: 3.38% → 4.82% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Asset Management
Chicago,
Illinois
|
+$824K |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$514K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$447K |
| 4 |
Landscape Capital Management
Englewood,
New Jersey
|
+$438K |
| 5 |
Doliver Advisors
Houston,
Texas
|
+$402K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Monroe Bank & Trust
Monroe,
Michigan
|
-$42K |
| 2 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$16.3K |
| 3 |
Citigroup
New York
|
-$13.9K |
| 4 |
KeyBank National Association
Cleveland,
Ohio
|
-$13.6K |
| 5 |
UBS
Zurich,
Switzerland
|
-$12.5K |
MIY Hedge Fund Activity: Q3 2014 in Review
23 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2014, worth a combined $12M — up 42% from $8.41M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MIY positions and 2 closed out — a net gain of 2 holders — while 9 added to existing stakes and 6 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $824K. The largest seller was Monroe Bank & Trust, exiting entirely with an estimated $42K sold.
- 23 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2014, up from 21 in Q2 2014.
- Funds reported $12M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2014, up 42% quarter-over-quarter.
- 4 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2014 and 2 closed out, a net change of +2 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2014 was Wolverine Asset Management, an estimated $824K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2014 was Monroe Bank & Trust, an estimated $42K sold.
Based on aggregated 13F filings for Q3 2014.