BlackRock MuniYield Michigan Quality Fund
MIY
51 hedge funds and large institutions have $62.3M invested in BlackRock MuniYield Michigan Quality Fund in 2022 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
9% more funds holding
Funds holding: 47 → 51 (+4)
1.19% more ownership
Funds ownership: 15.38% → 16.56% (+1.2%)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less capital invested
Capital invested by funds: $69.3M → $62.3M (-$6.96M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.69M |
| 2 |
MPW
Melone Private Wealth
Auburn Hills,
Michigan
|
+$617K |
| 3 |
IA
IFP Advisors
Tampa,
Florida
|
+$570K |
| 4 |
FIA
FNY Investment Advisers
New York
|
+$537K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$444K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$421K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$189K |
| 3 |
AIM
Arcadia Investment Management
Kalamazoo,
Michigan
|
-$186K |
| 4 |
Millennium Management
New York
|
-$170K |
| 5 |
Morgan Stanley
New York
|
-$154K |
MIY Hedge Fund Activity: Q1 2022 in Review
51 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2022, worth a combined $62.3M — down 10% from $69.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MIY positions and 5 closed out — a net gain of 5 holders — while 16 added to existing stakes and 15 trimmed.
The largest buyer was Fiera Capital (Canada), adding an estimated $1.69M. The largest seller was Allspring Global Investments, cutting an estimated $421K.
- 51 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2022, up from 47 in Q4 2021.
- Funds reported $62.3M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2022, down 10% quarter-over-quarter.
- 10 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2022 and 5 closed out, a net change of +5 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2022 was Fiera Capital (Canada), an estimated $1.69M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2022 was Allspring Global Investments, an estimated $421K sold.
Based on aggregated 13F filings for Q1 2022.