BlackRock MuniYield Michigan Quality Fund
MIY
50 hedge funds and large institutions have $74.8M invested in BlackRock MuniYield Michigan Quality Fund in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 10 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
100% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 10
14% more funds holding
Funds holding: 44 → 50 (+6)
4% more capital invested
Capital invested by funds: $72M → $74.8M (+$2.81M)
0.18% more ownership
Funds ownership: 18.23% → 18.41% (+0.18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$735K |
| 2 |
Mercer Global Advisors
Denver,
Colorado
|
+$649K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$550K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$354K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$306K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$813K |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$714K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$686K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$588K |
| 5 |
SCM
Saba Capital Management
New York
|
-$221K |
MIY Hedge Fund Activity: Q2 2019 in Review
50 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2019, worth a combined $74.8M — up 3.9% from $72M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MIY positions and 2 closed out — a net gain of 7 holders — while 20 added to existing stakes and 10 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $735K. The largest seller was Landscape Capital Management, cutting an estimated $813K.
- 50 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2019, up from 44 in Q1 2019.
- Funds reported $74.8M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2019, up 3.9% quarter-over-quarter.
- 9 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2019 and 2 closed out, a net change of +7 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2019 was Robinson Capital Management, an estimated $735K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2019 was Landscape Capital Management, an estimated $813K sold.
Based on aggregated 13F filings for Q2 2019.