BlackRock MuniYield Michigan Quality Fund
MIY
21 hedge funds and large institutions have $15.7M invested in BlackRock MuniYield Michigan Quality Fund in 2014 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 5 closing their positions.
31% more capital invested
Capital invested by funds: $12M → $15.7M (+$3.71M)
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
1.31% more ownership
Funds ownership: 4.82% → 6.13% (+1.3%)
9% less funds holding
Funds holding: 23 → 21 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.57M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.26M |
| 3 |
LPL Financial
San Diego,
California
|
+$712K |
| 4 |
LCM
Laurion Capital Management
New York
|
+$331K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$321K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$395K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$384K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$176K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$160K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$85.8K |
MIY Hedge Fund Activity: Q4 2014 in Review
21 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2014, worth a combined $15.7M — up 31% from $12M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MIY and 4 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $1.57M. The largest seller was Doliver Advisors, exiting entirely with an estimated $395K sold.
- 21 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2014, down from 23 in Q3 2014.
- Funds reported $15.7M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2014, up 31% quarter-over-quarter.
- 4 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2014 and 5 closed out, a net change of -1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2014 was Morgan Stanley, an estimated $1.57M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2014 was Doliver Advisors, an estimated $395K sold.
Based on aggregated 13F filings for Q4 2014.