Western Asset Municipal High Income Fund
MHF
37 hedge funds and large institutions have $13.3M invested in Western Asset Municipal High Income Fund in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
6% more funds holding
Funds holding: 35 → 37 (+2)
0.66% more ownership
Funds ownership: 7.92% → 8.58% (+0.66%)
2% less capital invested
Capital invested by funds: $13.6M → $13.3M (-$298K)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.08M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$925K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$549K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$458K |
| 5 |
WA
WFG Advisors
Dallas,
Texas
|
+$127K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.51M |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
-$232K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$172K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$133K |
| 5 |
VanEck Associates
New York
|
-$127K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $49K | – | – | – |
|
|
AG
27
Advisor Group
Phoenix,
Arizona
| $24K | – | – | – |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| $22K | -$133K | -18,003 | -85% |
|
|
LTFS
29
Ladenburg Thalmann Financial Services
Miami,
Florida
| $22K | – | – | – |
|
30
ClearBridge Investments
New York
| $16K | – | – | – |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $15K | -$9.89K | -1,338 | -39% |
|
32
Fifth Third Bancorp
Cincinnati,
Ohio
| $12K | – | – | – |
|
|
ACS
33
Archford Capital Strategies
Swansea,
Illinois
| $9K | +$4.85K | +656 | New |
|
|
TCM
34
Tradewinds Capital Management
Bellingham,
Washington
| $7K | – | – | – |
|
35
Citigroup
New York
| $5K | +$52 | +7 | +1% |
|
|
DADC
36
D.A. Davidson & Co
Great Falls,
Montana
| $4K | – | – | – |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| $3K | +$2.82K | +382 | +721% |
|
|
38
Envestnet Asset Management
Chicago,
Illinois
| – | -$1.51M | -190,272 | Closed |
|
|
WS
39
Wedbush Securities
Los Angeles,
California
| – | -$232K | -29,198 | Closed |
|
|
DA
40
Doliver Advisors
Houston,
Texas
| – | -$172K | -21,664 | Closed |
|
MHF Hedge Fund Activity: Q4 2016 in Review
37 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q4 2016, worth a combined $13.3M — down 2.2% from $13.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MHF positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.08M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $1.51M sold.
- 37 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q4 2016, up from 35 in Q3 2016.
- Funds reported $13.3M of Western Asset Municipal High Income Fund stock for Q4 2016, down 2.2% quarter-over-quarter.
- 6 funds opened new Western Asset Municipal High Income Fund positions in Q4 2016 and 3 closed out, a net change of +3 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q4 2016 was Morgan Stanley, an estimated $1.08M added.
- The largest Western Asset Municipal High Income Fund seller in Q4 2016 was Envestnet Asset Management, an estimated $1.51M sold.
Based on aggregated 13F filings for Q4 2016.