BlackRock MuniYield Michigan Quality Fund
MIY
39 hedge funds and large institutions have $52M invested in BlackRock MuniYield Michigan Quality Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 7 reducing their positions, and 4 closing their positions.
143% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 7
5% more capital invested
Capital invested by funds: $49.6M → $52M (+$2.31M)
0.57% more ownership
Funds ownership: 12.38% → 12.95% (+0.57%)
3% less funds holding
Funds holding: 40 → 39 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pointe Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.03M |
| 2 |
Morgan Stanley
New York
|
+$666K |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$636K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$475K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$424K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.07M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$402K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$316K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$261K |
| 5 |
SG Americas Securities
New York
|
-$209K |
MIY Hedge Fund Activity: Q1 2017 in Review
39 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2017, worth a combined $52M — up 4.7% from $49.6M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of MIY and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 17 added.
The largest buyer was Pointe Capital Management, opening a new position worth an estimated $1.03M. The largest seller was Landscape Capital Management, cutting an estimated $1.07M.
- 39 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2017, down from 40 in Q4 2016.
- Funds reported $52M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2017, up 4.7% quarter-over-quarter.
- 3 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2017 and 4 closed out, a net change of -1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2017 was Pointe Capital Management, an estimated $1.03M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2017 was Landscape Capital Management, an estimated $1.07M sold.
Based on aggregated 13F filings for Q1 2017.