BlackRock MuniYield Michigan Quality Fund
MIY
64 hedge funds and large institutions have $65.1M invested in BlackRock MuniYield Michigan Quality Fund in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 16
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
6% more capital invested
Capital invested by funds: $61.7M → $65.1M (+$3.44M)
0.6% more ownership
Funds ownership: 18.86% → 19.47% (+0.6%)
0% more funds holding
Funds holding: 64 → 64 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.36M |
| 2 |
SCM
Saba Capital Management
New York
|
+$763K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$509K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$464K |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$413K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$2.28M |
| 2 |
KeyBank National Association
Cleveland,
Ohio
|
-$682K |
| 3 |
SM
SG3 Management
Dorado,
Puerto Rico
|
-$444K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$226K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$221K |
MIY Hedge Fund Activity: Q1 2023 in Review
64 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2023, worth a combined $65.1M — up 5.6% from $61.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MIY positions and 6 closed out — a net gain of 1 holder — while 24 added to existing stakes and 16 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $2.36M. The largest seller was Mackay Shields LLC, cutting an estimated $2.28M.
- 64 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $65.1M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2023, up 5.6% quarter-over-quarter.
- 7 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2023 and 6 closed out, a net change of +1 holder.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2023 was Rivernorth Capital Management, an estimated $2.36M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2023 was Mackay Shields LLC, an estimated $2.28M sold.
Based on aggregated 13F filings for Q1 2023.