BlackRock MuniYield New York Quality Fund
MYN
41 hedge funds and large institutions have $75.3M invested in BlackRock MuniYield New York Quality Fund in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 6 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
3.52% less ownership
Funds ownership: 17.08% → 13.57% (-3.5%)
5% less funds holding
Funds holding: 43 → 41 (-2)
17% less capital invested
Capital invested by funds: $91M → $75.3M (-$15.6M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
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
|
+$1.27M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$836K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$816K |
| 4 |
SAM
Secure Asset Management
Troy,
Michigan
|
+$468K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$451K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$12.8M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.99M |
| 3 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$4.49M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$470K |
| 5 |
BA
Bridgewater Advisors
New York
|
-$424K |
MYN Hedge Fund Activity: Q2 2021 in Review
41 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in BlackRock MuniYield New York Quality Fund (MYN) for Q2 2021, worth a combined $75.3M — down 17% from $91M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MYN and 4 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Bank of America, adding an estimated $1.27M. The largest seller was Karpus Investment Management, cutting an estimated $12.8M.
- 41 institutional investors held BlackRock MuniYield New York Quality Fund (MYN) as of Q2 2021, down from 43 in Q1 2021.
- Funds reported $75.3M of BlackRock MuniYield New York Quality Fund stock for Q2 2021, down 17% quarter-over-quarter.
- 4 funds opened new BlackRock MuniYield New York Quality Fund positions in Q2 2021 and 6 closed out, a net change of -2 holders.
- The largest BlackRock MuniYield New York Quality Fund buyer in Q2 2021 was Bank of America, an estimated $1.27M added.
- The largest BlackRock MuniYield New York Quality Fund seller in Q2 2021 was Karpus Investment Management, an estimated $12.8M sold.
Based on aggregated 13F filings for Q2 2021.