BlackRock MuniYield Michigan Quality Fund
MIY
36 hedge funds and large institutions have $48.6M invested in BlackRock MuniYield Michigan Quality Fund in 2017 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
15% more capital invested
Capital invested by funds: $42.3M → $48.6M (+$6.31M)
1.49% more ownership
Funds ownership: 10.27% → 11.76% (+1.5%)
0% more funds holding
Funds holding: 36 → 36 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.04M |
| 2 |
SIA
Starfire Investment Advisers
Southfield,
Michigan
|
+$1.09M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$720K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$394K |
| 5 |
WDL
Well Done LLC
Holland,
Michigan
|
+$245K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$561K |
| 2 |
SI
SII Investments
Appleton,
Wisconsin
|
-$311K |
| 3 |
IA
IFP Advisors
Tampa,
Florida
|
-$286K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$212K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$174K |
MIY Hedge Fund Activity: Q4 2017 in Review
36 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2017, worth a combined $48.6M — up 15% from $42.3M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MIY positions and 4 closed out — a net gain of 1 holder — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.04M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $561K sold.
- 36 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2017, unchanged from Q3 2017.
- Funds reported $48.6M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2017, up 15% quarter-over-quarter.
- 5 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2017 and 4 closed out, a net change of +1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2017 was Morgan Stanley, an estimated $5.04M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2017 was Curi RMB Capital, an estimated $561K sold.
Based on aggregated 13F filings for Q4 2017.