BlackRock MuniYield Michigan Quality Fund
MIY
49 hedge funds and large institutions have $62.7M invested in BlackRock MuniYield Michigan Quality Fund in 2022 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 6 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
0.33% less ownership
Funds ownership: 16.56% → 16.23% (-0.33%)
4% less funds holding
Funds holding: 51 → 49 (-2)
24% less capital inflows, than outflows
Capital inflows: $3.93M | Capital outflows: $5.17M
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$802K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$760K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$574K |
| 4 |
Foresight Capital Management Advisors
Saline,
Michigan
|
+$406K |
| 5 |
Melone Private Wealth
Auburn Hills,
Michigan
|
+$378K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.59M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$758K |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$597K |
| 4 |
FNY Investment Advisers
New York
|
-$498K |
| 5 |
Logan Stone Capital
Chicago,
Illinois
|
-$355K |
MIY Hedge Fund Activity: Q2 2022 in Review
49 of the 5,963 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q2 2022, worth a combined $62.7M — up 0.6% from $62.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MIY and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 19 added.
The largest buyer was Integrated Wealth Concepts, opening a new position worth an estimated $802K. The largest seller was Sit Investment Associates, cutting an estimated $1.59M.
- 49 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q2 2022, down from 51 in Q1 2022.
- Funds reported $62.7M of BlackRock MuniYield Michigan Quality Fund stock for Q2 2022, up 0.6% quarter-over-quarter.
- 4 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q2 2022 and 6 closed out, a net change of -2 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q2 2022 was Integrated Wealth Concepts, an estimated $802K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q2 2022 was Sit Investment Associates, an estimated $1.59M sold.
Based on aggregated 13F filings for Q2 2022.