BlackRock MuniYield Michigan Quality Fund
MIY
40 hedge funds and large institutions have $49.6M invested in BlackRock MuniYield Michigan Quality Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
133% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 6
33% more capital invested
Capital invested by funds: $37.2M → $49.6M (+$12.4M)
18% more funds holding
Funds holding: 34 → 40 (+6)
3.8% more ownership
Funds ownership: 8.58% → 12.38% (+3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.22M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$4.98M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.85M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.14M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$791K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pointe Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.69M |
| 2 |
LPL Financial
San Diego,
California
|
-$361K |
| 3 |
PMFA
Plante Moran Financial Advisors
Southfield,
Michigan
|
-$153K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$132K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$6.48K |
MIY Hedge Fund Activity: Q4 2016 in Review
40 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2016, worth a combined $49.6M — up 33% from $37.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MIY positions and 1 closed out — a net gain of 7 holders — while 14 added to existing stakes and 6 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $5.22M. The largest seller was Pointe Capital Management, exiting entirely with an estimated $1.69M sold.
- 40 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2016, up from 34 in Q3 2016.
- Funds reported $49.6M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2016, up 33% quarter-over-quarter.
- 8 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2016 and 1 closed out, a net change of +7 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2016 was Karpus Investment Management, an estimated $5.22M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2016 was Pointe Capital Management, an estimated $1.69M sold.
Based on aggregated 13F filings for Q4 2016.