Western Asset Municipal High Income Fund
MHF
36 hedge funds and large institutions have $16.4M invested in Western Asset Municipal High Income Fund in 2015 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 7 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
0.91% less ownership
Funds ownership: 10.62% → 9.71% (-0.91%)
7% less capital invested
Capital invested by funds: $17.7M → $16.4M (-$1.3M)
12% less funds holding
Funds holding: 41 → 36 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$180K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$137K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$109K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$89.2K |
| 5 |
B
Baird
Milwaukee,
Wisconsin
|
+$87K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFA
Fragasso Financial Advisors
Sewickley,
Pennsylvania
|
-$575K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$370K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$272K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$210K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$202K |
MHF Hedge Fund Activity: Q1 2015 in Review
36 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2015, worth a combined $16.4M — down 7.3% from $17.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MHF and 2 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 13 added.
The largest buyer was United Capital Financial Advisors, adding an estimated $180K. The largest seller was Fragasso Financial Advisors, exiting entirely with an estimated $575K sold.
- 36 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2015, down from 41 in Q4 2014.
- Funds reported $16.4M of Western Asset Municipal High Income Fund stock for Q1 2015, down 7.3% quarter-over-quarter.
- 2 funds opened new Western Asset Municipal High Income Fund positions in Q1 2015 and 7 closed out, a net change of -5 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q1 2015 was United Capital Financial Advisors, an estimated $180K added.
- The largest Western Asset Municipal High Income Fund seller in Q1 2015 was Fragasso Financial Advisors, an estimated $575K sold.
Based on aggregated 13F filings for Q1 2015.