BlackRock MuniYield Quality Fund
MQY
70 hedge funds and large institutions have $88M invested in BlackRock MuniYield Quality Fund in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 9 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
0.06% less ownership
Funds ownership: 19.74% → 19.68% (-0.06%)
4% less capital invested
Capital invested by funds: $91.5M → $88M (-$3.47M)
3% less funds holding
Funds holding: 72 → 70 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.78M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.26M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$694K |
| 4 |
Cohen & Steers
New York
|
+$648K |
| 5 |
Morgan Stanley
New York
|
+$600K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$4.01M |
| 2 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$1.15M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$1.04M |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$898K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$870K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFO
76
Pathstone Family Office
Englewood,
New Jersey
| – | -$243K | -1,612 | Closed |
|
|
AA
77
Argent Advisors
Monroe,
Louisiana
| – | -$24K | -1,600 | Closed |
|
78
JP Morgan Chase
New York
| – | -$10K | -636 | Closed |
|
|
DTIM
79
Danda Trouve Investment Management
Prairie Village,
Kansas
| – | -$9.21K | -619 | -98% |
|
MQY Hedge Fund Activity: Q1 2020 in Review
70 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield Quality Fund (MQY) for Q1 2020, worth a combined $88M — down 3.8% from $91.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MQY positions and 9 closed out — a net gain of 1 holder — while 19 added to existing stakes and 17 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $4.78M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $4.01M sold.
- 70 institutional investors held BlackRock MuniYield Quality Fund (MQY) as of Q1 2020, down from 72 in Q4 2019.
- Funds reported $88M of BlackRock MuniYield Quality Fund stock for Q1 2020, down 3.8% quarter-over-quarter.
- 10 funds opened new BlackRock MuniYield Quality Fund positions in Q1 2020 and 9 closed out, a net change of +1 holder.
- The largest BlackRock MuniYield Quality Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $4.78M added.
- The largest BlackRock MuniYield Quality Fund seller in Q1 2020 was Fiera Capital (Canada), an estimated $4.01M sold.
Based on aggregated 13F filings for Q1 2020.