BlackRock MuniYield Michigan Quality Fund
MIY
36 hedge funds and large institutions have $36.4M invested in BlackRock MuniYield Michigan Quality Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
17% more capital invested
Capital invested by funds: $31.1M → $36.4M (+$5.32M)
9% more funds holding
Funds holding: 33 → 36 (+3)
0.88% more ownership
Funds ownership: 8.01% → 8.89% (+0.88%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.06M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.15M |
| 3 |
LPL Financial
San Diego,
California
|
+$526K |
| 4 |
PA
Planning Alternatives
Birmingham,
Michigan
|
+$358K |
| 5 |
LCM
Laurion Capital Management
New York
|
+$324K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.43M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$405K |
| 3 |
Morgan Stanley
New York
|
-$281K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$253K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$252K |
MIY Hedge Fund Activity: Q4 2015 in Review
36 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2015, worth a combined $36.4M — up 17% from $31.1M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MIY positions and 5 closed out — a net gain of 4 holders — while 13 added to existing stakes and 10 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $4.06M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $2.43M sold.
- 36 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2015, up from 33 in Q3 2015.
- Funds reported $36.4M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2015, up 17% quarter-over-quarter.
- 9 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2015 and 5 closed out, a net change of +4 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2015 was Karpus Investment Management, an estimated $4.06M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2015 was Weiss Asset Management, an estimated $2.43M sold.
Based on aggregated 13F filings for Q4 2015.