BlackRock MuniYield Pennsylvania Quality Fund
MPA
27 hedge funds and large institutions have $11.7M invested in BlackRock MuniYield Pennsylvania Quality Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 7 closing their positions.
12% more capital invested
Capital invested by funds: $10.5M → $11.7M (+$1.21M)
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
0.34% less ownership
Funds ownership: 7.3% → 6.96% (-0.34%)
7% less funds holding
Funds holding: 29 → 27 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$509K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$302K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$276K |
| 4 |
LPL Financial
San Diego,
California
|
+$243K |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$128K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$653K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$581K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$252K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$206K |
| 5 |
SG Americas Securities
New York
|
-$127K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $14K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $2K | -$28.3K | -2,104 | -93% |
|
|
TC
28
TFS Capital
West Chester,
Pennsylvania
| – | -$581K | -45,324 | Closed |
|
|
OFG
29
OTA Financial Group
Purchase,
New York
| – | -$227 | -17,777 | Closed |
|
|
VKH
30
Virtu KCG Holdings
New York
| – | -$206K | -16,085 | Closed |
|
|
31
SG Americas Securities
New York
| – | -$127K | -9,916 | Closed |
|
32
Barclays
London,
United Kingdom
| – | -$56K | -4,694 | Closed |
|
|
TJHA
33
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$13K | -1,000 | Closed |
|
34
Citigroup
New York
| – | -$8K | -659 | Closed |
|
MPA Hedge Fund Activity: Q1 2014 in Review
27 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Pennsylvania Quality Fund (MPA) for Q1 2014, worth a combined $11.7M — up 12% from $10.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MPA and 5 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 9 added.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $509K. The largest seller was Doliver Advisors, cutting an estimated $653K.
- 27 institutional investors held BlackRock MuniYield Pennsylvania Quality Fund (MPA) as of Q1 2014, down from 29 in Q4 2013.
- Funds reported $11.7M of BlackRock MuniYield Pennsylvania Quality Fund stock for Q1 2014, up 12% quarter-over-quarter.
- 5 funds opened new BlackRock MuniYield Pennsylvania Quality Fund positions in Q1 2014 and 7 closed out, a net change of -2 holders.
- The largest BlackRock MuniYield Pennsylvania Quality Fund buyer in Q1 2014 was Karpus Investment Management, an estimated $509K added.
- The largest BlackRock MuniYield Pennsylvania Quality Fund seller in Q1 2014 was Doliver Advisors, an estimated $653K sold.
Based on aggregated 13F filings for Q1 2014.