BlackRock MuniYield Michigan Quality Fund
MIY
67 hedge funds and large institutions have $83.5M invested in BlackRock MuniYield Michigan Quality Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
11% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 18
6% more funds holding
Funds holding: 63 → 67 (+4)
0.56% less ownership
Funds ownership: 25.46% → 24.9% (-0.56%)
2% less capital invested
Capital invested by funds: $85.4M → $83.5M (-$1.84M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.01M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$841K |
| 3 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
+$339K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$268K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.01M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.49M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$956K |
| 4 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
-$280K |
| 5 |
SCM
Saba Capital Management
New York
|
-$216K |
MIY Hedge Fund Activity: Q1 2024 in Review
67 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q1 2024, worth a combined $83.5M — down 2.2% from $85.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MIY positions and 6 closed out — a net gain of 4 holders — while 20 added to existing stakes and 18 trimmed.
The largest buyer was Cetera Investment Advisers, opening a new position worth an estimated $2.01M. The largest seller was Morgan Stanley, cutting an estimated $3.01M.
- 67 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q1 2024, up from 63 in Q4 2023.
- Funds reported $83.5M of BlackRock MuniYield Michigan Quality Fund stock for Q1 2024, down 2.2% quarter-over-quarter.
- 10 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q1 2024 and 6 closed out, a net change of +4 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q1 2024 was Cetera Investment Advisers, an estimated $2.01M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q1 2024 was Morgan Stanley, an estimated $3.01M sold.
Based on aggregated 13F filings for Q1 2024.