BlackRock MuniYield Michigan Quality Fund
MIY
47 hedge funds and large institutions have $65.8M invested in BlackRock MuniYield Michigan Quality Fund in 2021 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 3 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
0.44% less ownership
Funds ownership: 14.93% → 14.48% (-0.44%)
3% less capital invested
Capital invested by funds: $67.6M → $65.8M (-$1.78M)
4% less funds holding
Funds holding: 49 → 47 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.04M |
| 2 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
+$256K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$256K |
| 4 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
+$222K |
| 5 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
+$183K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.26M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.06M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$629K |
| 4 |
MSL
Mackay Shields LLC
New York
|
-$606K |
| 5 |
PMFA
Plante Moran Financial Advisors
Southfield,
Michigan
|
-$403K |
MIY Hedge Fund Activity: Q3 2021 in Review
47 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2021, worth a combined $65.8M — down 2.6% from $67.6M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of MIY and 1 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 16 added.
The largest buyer was Morgan Stanley, adding an estimated $1.04M. The largest seller was Robinson Capital Management, cutting an estimated $1.26M.
- 47 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2021, down from 49 in Q2 2021.
- Funds reported $65.8M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2021, down 2.6% quarter-over-quarter.
- 1 fund opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2021 and 3 closed out, a net change of -2 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2021 was Morgan Stanley, an estimated $1.04M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2021 was Robinson Capital Management, an estimated $1.26M sold.
Based on aggregated 13F filings for Q3 2021.