BlackRock MuniYield Michigan Quality Fund
MIY
33 hedge funds and large institutions have $37.2M invested in BlackRock MuniYield Michigan Quality Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 15 reducing their positions, and 7 closing their positions.
15% more capital invested
Capital invested by funds: $32.4M → $37.2M (+$4.78M)
0.6% more ownership
Funds ownership: 7.59% → 8.19% (+0.6%)
3% less funds holding
Funds holding: 34 → 33 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
67% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$4.69M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$1.11M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$383K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$237K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$227K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$793K |
| 2 |
LPL Financial
San Diego,
California
|
-$514K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$439K |
| 4 |
Morgan Stanley
New York
|
-$411K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$352K |
MIY Hedge Fund Activity: Q2 2016 in Review
33 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2016, worth a combined $37.2M — up 15% from $32.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MIY and 6 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 5 added.
The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $4.69M. The largest seller was Karpus Investment Management, cutting an estimated $793K.
- 33 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2016, down from 34 in Q1 2016.
- Funds reported $37.2M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2016, up 15% quarter-over-quarter.
- 6 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2016 and 7 closed out, a net change of -1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2016 was Mackay Shields LLC, an estimated $4.69M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2016 was Karpus Investment Management, an estimated $793K sold.
Based on aggregated 13F filings for Q2 2016.