BlackRock MuniYield New York Quality Fund
MYN
47 hedge funds and large institutions have $73.1M invested in BlackRock MuniYield New York Quality Fund in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 7 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
6% more capital invested
Capital invested by funds: $68.9M → $73.1M (+$4.26M)
0.11% less ownership
Funds ownership: 15.1% → 14.99% (-0.11%)
4% less funds holding
Funds holding: 49 → 47 (-2)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.56M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.32M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.4M |
| 4 |
Morgan Stanley
New York
|
+$930K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$874K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.81M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.53M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$896K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$781K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$708K |
MYN Hedge Fund Activity: Q1 2019 in Review
47 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q1 2019, worth a combined $73.1M — up 6.2% from $68.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MYN and 6 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 18 added.
The largest buyer was Bank of America, adding an estimated $2.56M. The largest seller was Saba Capital Management, cutting an estimated $4.81M.
- 47 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q1 2019, down from 49 in Q4 2018.
- Funds reported $73.1M of BlackRock MuniYield New York Quality Fund stock for Q1 2019, up 6.2% quarter-over-quarter.
- 6 funds opened new BlackRock MuniYield New York Quality Fund positions in Q1 2019 and 7 closed out, a net change of -1 holder.
- The largest BlackRock MuniYield New York Quality Fund buyer in Q1 2019 was Bank of America, an estimated $2.56M added.
- The largest BlackRock MuniYield New York Quality Fund seller in Q1 2019 was Saba Capital Management, an estimated $4.81M sold.
Based on aggregated 13F filings for Q1 2019.