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BlackRock MuniYield Pennsylvania Quality Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 2927 (-2)

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

Holders
27
Holders Change
-2
Holders Change %
-6.9%
% of All Funds
0.78%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
9
Reduced
9
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
1
LPL Financial
California
$2.03M +$243K +18,074 +14%
Morgan Stanley
2
Morgan Stanley
New York
$1.45M -$35.8K -2,662 -2%
DA
3
Doliver Advisors
Texas
$1.15M -$653K -48,470 -54%
NPC
4
National Planning Corporation
California
$802K +$18.5K +1,375 +2%
SIA
5
Sit Investment Associates
Minnesota
$763K
PNC Financial Services Group
6
PNC Financial Services Group
Pennsylvania
$719K +$118K +8,767 +20%
AQR Capital Management
7
AQR Capital Management
Connecticut
$550K +$276K +20,490 +108%
KIM
8
Karpus Investment Management
New York
$527K +$509K +37,800 New
PWM
9
ParenteBeard Wealth Management
Pennsylvania
$512K +$5.87K +436 +1%
WAM
10
Wolverine Asset Management
Illinois
$492K -$252K -18,688 -35%
Goldman Sachs
11
Goldman Sachs
New York
$398K -$8.08K -600 -2%
Wells Fargo
12
Wells Fargo
California
$368K +$44K +3,271 +14%
Bank of America
13
Bank of America
North Carolina
$334K +$10.3K +766 +3%
RJA
14
Raymond James & Associates
Florida
$313K +$302K +22,449 New
Janney Montgomery Scott
15
Janney Montgomery Scott
Pennsylvania
$300K +$60.7K +4,505 +27%
WSFS
16
Wilmington Savings Fund Society
Delaware
$285K -$33.7K -2,500 -11%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$203K -$13.5K -1,001 -6%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$145K
AllianceBernstein
19
AllianceBernstein
Tennessee
$133K +$128K +9,510 New
MFS
20
MSI Financial Services
Massachusetts
$75K +$37.7K +2,800 +109%
WA
21
WFG Advisors
Texas
$53K +$51K +3,784 New
TFA
22
Transamerica Financial Advisors
Florida
$38K -$13.9K -1,031 -28%
1IC
23
1919 Investment Counsel
Maryland
$34K
U
24
UBS
Switzerland
$33K -$28.9K -2,146 -48%
US Bancorp
25
US Bancorp
Minnesota
$19K +$18.3K +1,357 New

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.