BlackRock MuniYield Michigan Quality Fund
MIY
59 hedge funds and large institutions have $77.1M invested in BlackRock MuniYield Michigan Quality Fund in 2024 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 13 reducing their positions, and 8 closing their positions.
69% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 13
1% more capital invested
Capital invested by funds: $76.4M → $77.1M (+$704K)
0.9% less ownership
Funds ownership: 23.04% → 22.14% (-0.9%)
8% less funds holding
Funds holding: 64 → 59 (-5)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.6M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$646K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$441K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$293K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$279K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$1.97M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.76M |
| 3 |
SAM
Secure Asset Management
Troy,
Michigan
|
-$1.46M |
| 4 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
-$670K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$607K |
MIY Hedge Fund Activity: Q3 2024 in Review
59 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Michigan Quality Fund (MIY) for Q3 2024, worth a combined $77.1M — up 0.92% from $76.4M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MIY and 5 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 22 added.
The largest buyer was Kestra Advisory Services, opening a new position worth an estimated $1.6M. The largest seller was Cetera Investment Advisers, cutting an estimated $1.97M.
- 59 institutional investors held BlackRock MuniYield Michigan Quality Fund (MIY) as of Q3 2024, down from 64 in Q2 2024.
- Funds reported $77.1M of BlackRock MuniYield Michigan Quality Fund stock for Q3 2024, up 0.92% quarter-over-quarter.
- 5 funds opened new BlackRock MuniYield Michigan Quality Fund positions in Q3 2024 and 8 closed out, a net change of -3 holders.
- The largest BlackRock MuniYield Michigan Quality Fund buyer in Q3 2024 was Kestra Advisory Services, an estimated $1.6M added.
- The largest BlackRock MuniYield Michigan Quality Fund seller in Q3 2024 was Cetera Investment Advisers, an estimated $1.97M sold.
Based on aggregated 13F filings for Q3 2024.