BlackRock MuniYield Michigan Quality Fund
MIY
49 hedge funds and large institutions have $71.9M invested in BlackRock MuniYield Michigan Quality Fund in 2020 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 3 closing their positions.
0% more funds holding
Funds holding: 49 → 49 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
1% less capital invested
Capital invested by funds: $72.4M → $71.9M (-$533K)
0.79% less ownership
Funds ownership: 17.61% → 16.81% (-0.79%)
18% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.13M |
| 2 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
+$837K |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$363K |
| 4 |
ECM
Exchange Capital Management
Ann Arbor,
Michigan
|
+$198K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$149K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.19M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.27M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$465K |
| 4 |
Morgan Stanley
New York
|
-$456K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$339K |
MIY Hedge Fund Activity: Q4 2020 in Review
49 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q4 2020, worth a combined $71.9M — down 0.74% from $72.4M a quarter earlier.
Fund positioning in MIY was balanced in Q4 2020: 3 funds opened new positions, 3 closed out, 14 added to existing stakes and 17 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $1.13M. The largest seller was Karpus Investment Management, cutting an estimated $3.19M.
- 49 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q4 2020, unchanged from Q3 2020.
- Funds reported $71.9M of BlackRock MuniYield Michigan Quality Fund stock for Q4 2020, down 0.74% quarter-over-quarter.
- 3 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q4 2020 and 3 closed out, a net change of 0 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q4 2020 was Royal Bank of Canada, an estimated $1.13M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q4 2020 was Karpus Investment Management, an estimated $3.19M sold.
Based on aggregated 13F filings for Q4 2020.