Aberdeen Municipal Income Fund
MFM
80 hedge funds and large institutions have $70.1M invested in Aberdeen Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 31 increasing their positions, 22 reducing their positions, and 8 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 22
0% less capital invested
Capital invested by funds: $70.1M → $70.1M (-$47.4K)
1.21% less ownership
Funds ownership: 32.92% → 31.71% (-1.2%)
2% less funds holding
Funds holding: 82 → 80 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$1.95M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.08M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$745K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$604K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$516K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.81M |
| 2 |
Morgan Stanley
New York
|
-$2.65M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.1M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$990K |
| 5 |
BWG
Balanced Wealth Group
Westlake,
Ohio
|
-$318K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KWAG
76
Kiely Wealth Advisory Group
Kernersville,
North Carolina
| $5.75K | – | – | – |
|
|
PA
77
Parallel Advisors
San Francisco,
California
| $5.5K | – | – | – |
|
|
CA
78
Clearstead Advisors
Cleveland,
Ohio
| $1.3K | -$652 | -124 | -33% |
|
79
Comerica Bank
Dallas,
Texas
| $375 | -$689 | -131 | -65% |
|
|
ARC
80
Advisor Resource Council
Dallas,
Texas
| – | -$259K | -50,000 | Closed |
|
|
FCMA
81
Foresight Capital Management Advisors
Saline,
Michigan
| – | -$104K | -20,137 | Closed |
|
82
Creative Planning
Overland Park,
Kansas
| – | -$94.3K | -18,246 | Closed |
|
83
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$78.1K | -15,098 | Closed |
|
|
WAM
84
Weiss Asset Management
Boston,
Massachusetts
| – | -$73.6K | -14,241 | Closed |
|
85
JP Morgan Chase
New York
| – | -$14K | -2,708 | Closed |
|
|
ASN
86
Advisory Services Network
Atlanta,
Georgia
| – | -$1.73K | -335 | Closed |
|
|
AWM
87
Able Wealth Management
Toms River,
New Jersey
| – | -$1.55K | -300 | Closed |
|
|
BFEC
88
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | +$163 | +31 | New |
|
MFM Hedge Fund Activity: Q1 2024 in Review
80 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Aberdeen Municipal Income Fund (MFM) for Q1 2024, worth a combined $70.1M — down 0.07% from $70.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MFM and 6 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 31 added.
The largest buyer was Private Advisor Group, adding an estimated $1.95M. The largest seller was Saba Capital Management, cutting an estimated $3.81M.
- 80 institutional investors held Aberdeen Municipal Income Fund (MFM) as of Q1 2024, down from 82 in Q4 2023.
- Funds reported $70.1M of Aberdeen Municipal Income Fund stock for Q1 2024, down 0.07% quarter-over-quarter.
- 6 funds opened new Aberdeen Municipal Income Fund positions in Q1 2024 and 8 closed out, a net change of -2 holders.
- The largest Aberdeen Municipal Income Fund buyer in Q1 2024 was Private Advisor Group, an estimated $1.95M added.
- The largest Aberdeen Municipal Income Fund seller in Q1 2024 was Saba Capital Management, an estimated $3.81M sold.
Based on aggregated 13F filings for Q1 2024.