BlackRock MuniYield Michigan Quality Fund
MIY
42 hedge funds and large institutions have $45.7M invested in BlackRock MuniYield Michigan Quality Fund in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
17% more funds holding
Funds holding: 36 → 42 (+6)
0.12% less ownership
Funds ownership: 11.76% → 11.65% (-0.12%)
6% less capital invested
Capital invested by funds: $48.6M → $45.7M (-$2.91M)
23% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.2M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$408K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$236K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$223K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$192K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.26M |
| 2 |
SIA
Starfire Investment Advisers
Southfield,
Michigan
|
-$1.09M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$491K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$342K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$136K |
MIY Hedge Fund Activity: Q1 2018 in Review
42 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2018, worth a combined $45.7M — down 6% from $48.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MIY positions and 3 closed out — a net gain of 6 holders — while 10 added to existing stakes and 13 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $2.2M. The largest seller was Morgan Stanley, cutting an estimated $2.26M.
- 42 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2018, up from 36 in Q4 2017.
- Funds reported $45.7M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2018, down 6% quarter-over-quarter.
- 9 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2018 and 3 closed out, a net change of +6 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2018 was Robinson Capital Management, an estimated $2.2M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2018 was Morgan Stanley, an estimated $2.26M sold.
Based on aggregated 13F filings for Q1 2018.