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MFM

Aberdeen Municipal Income Fund
MFM

70 hedge funds and large institutions have $33.6M invested in Aberdeen Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

31% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 16

6% more funds holding

Funds holding: 66 → 70 (+4)

0.65% less ownership

Funds ownership: 13.43% → 12.78% (-0.65%)

14% less capital invested

Capital invested by funds: $39.1M → $33.6M (-$5.47M)

Holders
70
Holders Change
+4
Holders Change %
+6.06%
% of All Funds
1.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
21
Reduced
16
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$659K
2
GC
Guggenheim Capital
Illinois
+$484K
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$444K
4
AA
AQR Arbitrage
Connecticut
+$409K
5
LCM
Landscape Capital Management
New Jersey
+$385K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$1.96M
2
RCM
Robinson Capital Management
Michigan
-$1.25M
3
Invesco
Invesco
Georgia
-$616K
4
PAS
Park Avenue Securities
New York
-$408K
5
Ameriprise
Ameriprise
Minnesota
-$347K
Name Holding Trade Value Shares
Change 		Change in
Stake
MIG
51
Mariner Investment Group
New York
$70K +$75.3K +10,900 New
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$67K +$71.9K +10,408 New
SBH
53
Segall Bryant & Hamill
Illinois
$64K – – –
LBC
54
Lawrence B. Cohen
$64K +$69K +10,000 New
Cohen & Steers
55
Cohen & Steers
New York
$37K – – –
CFGS
56
Concourse Financial Group Securities
Alabama
$33K – – –
BFC
57
Bedel Financial Consulting
Indiana
$25K – – –
BFEC
58
Benjamin F. Edwards & Company
Missouri
$24K -$9.33K -1,351 -27%
OC
59
Oakworth Capital
Alabama
$19K – – –
DOA
60
D'Orazio & Associates
Virginia
$16K – – –
BEI
61
Benjamin Edwards Inc
Missouri
$15K – – –
CTC
62
Central Trust Company
Missouri
$13K – – –
VCP
63
Verus Capital Partners
Arizona
$10K – – –
PA
64
Parallel Advisors
California
$6K – – –
APA
65
American Portfolios Advisors
New York
$5.05K -$236K -34,213 -98%
CAN
66
Claraphi Advisory Network
United States
$3K +$3.45K +500 New
Citigroup
67
Citigroup
New York
$2K – – –
FCA
68
FinTrust Capital Advisors
South Carolina
$2K – – –
AIC
69
Ameritas Investment Company
Nebraska
$2K +$28 +4 +1%
PAM
70
Panagora Asset Management
Massachusetts
$2K +$2.37K +343 New
PAS
71
Park Avenue Securities
New York
– -$408K -57,752 Closed
SS
72
Sunbelt Securities
Texas
– -$76K -10,765 Closed
FIA
73
FNY Investment Advisers
New York
– -$51K -7,238 Closed
AA
74
Argent Advisors
Louisiana
– -$28K -4,040 Closed
AF
75
Advisornet Financial
Minnesota
– -$17K -2,354 Closed
1 2
3
4

MFM Hedge Fund Activity: Q1 2020 in Review

70 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Aberdeen Municipal Income Fund (MFM) for Q1 2020, worth a combined $33.6M — down 14% from $39.1M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new MFM positions and 6 closed out — a net gain of 6 holders — while 21 added to existing stakes and 16 trimmed.

The largest buyer was Bank of America, adding an estimated $659K. The largest seller was Mackay Shields LLC, cutting an estimated $1.96M.

  • 70 institutional investors held Aberdeen Municipal Income Fund (MFM) as of Q1 2020, up from 66 in Q4 2019.
  • Funds reported $33.6M of Aberdeen Municipal Income Fund stock for Q1 2020, down 14% quarter-over-quarter.
  • 12 funds opened new Aberdeen Municipal Income Fund positions in Q1 2020 and 6 closed out, a net change of +6 holders.
  • The largest Aberdeen Municipal Income Fund buyer in Q1 2020 was Bank of America, an estimated $659K added.
  • The largest Aberdeen Municipal Income Fund seller in Q1 2020 was Mackay Shields LLC, an estimated $1.96M sold.

Based on aggregated 13F filings for Q1 2020.