BlackRock MuniYield Michigan Quality Fund
MIY
48 hedge funds and large institutions have $66.9M invested in BlackRock MuniYield Michigan Quality Fund in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 6 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
1.66% less ownership
Funds ownership: 16.81% → 15.16% (-1.7%)
2% less funds holding
Funds holding: 49 → 48 (-1)
7% less capital invested
Capital invested by funds: $71.9M → $66.9M (-$4.99M)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$805K |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$765K |
| 3 |
SAM
Secure Asset Management
Troy,
Michigan
|
+$434K |
| 4 |
LPL Financial
San Diego,
California
|
+$360K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$229K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.64M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.61M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$558K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$530K |
| 5 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$520K |
MIY Hedge Fund Activity: Q1 2021 in Review
48 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2021, worth a combined $66.9M — down 6.9% from $71.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MIY and 5 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 17 added.
The largest buyer was Wells Fargo, adding an estimated $805K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $5.64M sold.
- 48 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2021, down from 49 in Q4 2020.
- Funds reported $66.9M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2021, down 6.9% quarter-over-quarter.
- 5 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2021 and 6 closed out, a net change of -1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2021 was Wells Fargo, an estimated $805K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2021 was Karpus Investment Management, an estimated $5.64M sold.
Based on aggregated 13F filings for Q1 2021.