BlackRock MuniYield Michigan Quality Fund
MIY
38 hedge funds and large institutions have $45.7M invested in BlackRock MuniYield Michigan Quality Fund in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 18 reducing their positions, and 2 closing their positions.
1.91% less ownership
Funds ownership: 12.95% → 11.04% (-1.9%)
3% less funds holding
Funds holding: 39 → 38 (-1)
12% less capital invested
Capital invested by funds: $52M → $45.7M (-$6.27M)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
50% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WDL
Well Done LLC
Holland,
Michigan
|
+$333K |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$189K |
| 3 |
PCM
Pointe Capital Management
Grosse Pointe Farms,
Michigan
|
+$84.9K |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$59.2K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$30.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$3.72M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.24M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.05M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$414K |
| 5 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$395K |
MIY Hedge Fund Activity: Q2 2017 in Review
38 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2017, worth a combined $45.7M — down 12% from $52M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of MIY and 1 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 9 added.
The largest buyer was Well Done LLC, adding an estimated $333K. The largest seller was Laurion Capital Management, cutting an estimated $3.72M.
- 38 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2017, down from 39 in Q1 2017.
- Funds reported $45.7M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2017, down 12% quarter-over-quarter.
- 1 fund opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2017 and 2 closed out, a net change of -1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2017 was Well Done LLC, an estimated $333K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2017 was Laurion Capital Management, an estimated $3.72M sold.
Based on aggregated 13F filings for Q2 2017.