BlackRock MuniYield Michigan Quality Fund
MIY
45 hedge funds and large institutions have $58.7M invested in BlackRock MuniYield Michigan Quality Fund in 2022 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 6 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.06% less ownership
Funds ownership: 16.23% → 16.17% (-0.06%)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
6% less capital invested
Capital invested by funds: $62.5M → $58.7M (-$3.85M)
8% less funds holding
Funds holding: 49 → 45 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$599K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$395K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$382K |
| 4 |
Morgan Stanley
New York
|
+$339K |
| 5 |
RCA
Reitz Capital Advisors
Freeland,
Michigan
|
+$324K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$813K |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$519K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$369K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$327K |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
-$180K |
MIY Hedge Fund Activity: Q3 2022 in Review
45 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2022, worth a combined $58.7M — down 6.2% from $62.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MIY and 2 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 15 added.
The largest buyer was Cetera Advisor Networks, opening a new position worth an estimated $599K. The largest seller was Integrated Wealth Concepts, exiting entirely with an estimated $813K sold.
- 45 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2022, down from 49 in Q2 2022.
- Funds reported $58.7M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2022, down 6.2% quarter-over-quarter.
- 2 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2022 and 6 closed out, a net change of -4 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2022 was Cetera Advisor Networks, an estimated $599K added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2022 was Integrated Wealth Concepts, an estimated $813K sold.
Based on aggregated 13F filings for Q3 2022.