November 17, 2016 - By Peter Erickson · 0 Comments
Blackrock Muniyield Investment Quality Fund (NYSE:MFT) institutional sentiment decreased to 0.4 in Q2 2016. Its down -1.35, from 1.75 in 2016Q1. The ratio turned negative, as 8 investment managers increased or started new positions, while 20 cut down and sold holdings in Blackrock Muniyield Investment Quality Fund. The investment managers in our partner’s database now possess: 1.52 million shares, down from 1.82 million shares in 2016Q1. Also, the number of investment managers holding Blackrock Muniyield Investment Quality Fund in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 12 Increased: 6 New Position: 2.
BlackRock MuniYield Investment Quality Fund is a closed-end management investment company. The company has a market cap of $112.49 million. The Company’s investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. It currently has negative earnings. It seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
The stock closed at $13.56 during the last session. It is down 8.19% since April 15, 2016 and is downtrending. It has underperformed by 12.82% the S&P500.
Robinson Capital Management Llc holds 0.79% of its portfolio in BlackRock MuniYield Insured Investment for 81,158 shares. Tradewinds Capital Management Llc owns 30,541 shares or 0.34% of their US portfolio. Moreover, Provise Management Group Llc has 0.03% invested in the company for 10,000 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.02% in the stock. Oxbow Advisors Llc, a Texas-based fund reported 10,950 shares.#img1#
BlackRock MuniYield Investment Quality Fund (the Fund), formerly BlackRock MuniYield Insured Investment Fund, is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes. It invests primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes and Florida intangible personal property taxes. The Fund invests in leveraged residual certificates (TOB Residuals) issued by tender option bond trusts (TOBs). The Fund may invest in certain securities whose potential income return is inversely related to changes in a floating interest rate (inverse floaters). The Funds may invest in swap agreements.
More notable recent BlackRock MuniYield Insured Investment (NYSE:MFT) news were published by: Seekingalpha.com which released: “In Search Of Income: Municipal Bond CEFs (Part II)” on January 20, 2015, also Nasdaq.com with their article: “Blackrock MuniYield Investment QualityFund (MFT) Ex-Dividend Date Scheduled …” published on October 11, 2016, Seekingalpha.com published: “Beware Of Yields Too Good To Be True: Chicago Munis” on August 24, 2016. More interesting news about BlackRock MuniYield Insured Investment (NYSE:MFT) were released by: Investorplace.com and their article: “Interest Rates Rattle Municipal Bond Fund Investors” published on October 21, 2016 as well as Streetinsider.com‘s news article titled: “Form NSAR-B BLACKROCK MUNICIPAL INCO For: Aug 31” with publication date: October 28, 2016.
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By Peter Erickson