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MHF

Western Asset Municipal High Income Fund
MHF

47 hedge funds and large institutions have $27M invested in Western Asset Municipal High Income Fund in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

60% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 10

12% more funds holding

Funds holding: 42 → 47 (+5)

9% more capital invested

Capital invested by funds: $24.9M → $27M (+$2.12M)

0.19% more ownership

Funds ownership: 16.75% → 16.95% (+0.19%)

Holders
47
Holders Change
+5
Holders Change %
+11.9%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
16
Reduced
10
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
+$493K
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$416K
3
UCFA
United Capital Financial Advisors
Texas
+$404K
4
RJA
Raymond James & Associates
Florida
+$221K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
+$130K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$830K
2
Wells Fargo
Wells Fargo
California
-$158K
3
BAS
Brown Advisory Securities
Maryland
-$157K
4
Morgan Stanley
Morgan Stanley
New York
-$134K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$132K
Name Holding Trade Value Shares
Change 		Change in
Stake
ST
26
Sentinel Trust
Texas
$129K -$8.03K -1,108 -6%
AA
27
Ancora Advisors
Ohio
$117K – – –
SB
28
Suntrust Banks
Georgia
$91K – – –
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$90K +$88.5K +12,210 New
MAFM
30
Mid Atlantic Financial Management
Pennsylvania
$88K +$10.9K +1,500 +14%
LPL Financial
31
LPL Financial
California
$82K +$7.61K +1,050 +10%
CA
32
Calton & Associates
Florida
$80K +$78.8K +10,864 New
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$78K +$3.63K +500 +5%
QCIG
34
Quad-Cities Investment Group
Iowa
$55K +$109 +15 +0.2%
WCG
35
Weaver Consulting Group
California
$52K +$50.7K +6,986 New
US Bancorp
36
US Bancorp
Minnesota
$50K – – –
AIM
37
Advantage Investment Management
Iowa
$45K +$44.3K +6,114 New
RCAG
38
Rehmann Capital Advisory Group
Michigan
$44.4K – – –
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$33K -$8.49K -1,171 -21%
FHA
40
Flagship Harbor Advisors
Massachusetts
$25K – – –
ClearBridge Investments
41
ClearBridge Investments
New York
$17K – – –
Fifth Third Bancorp
42
Fifth Third Bancorp
Ohio
$12K – – –
AF
43
Advisornet Financial
Minnesota
$11K +$10.9K +1,500 New
TCM
44
Tradewinds Capital Management
Washington
$7K – – –
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$1K – – –
FIA
46
FNY Investment Advisers
New York
$1K +$1.03K +142 New
ACA
47
Ackerman Capital Advisors
Texas
$79 +$77.6K +10,701 New
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
– -$132K -19,049 Closed
AA
49
AQR Arbitrage
Connecticut
– -$75K -10,830 Closed
RBFC
50
Roman Butler Fullerton & Co
Missouri
– -$73K -10,270 Closed
1
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MHF Hedge Fund Activity: Q1 2019 in Review

47 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2019, worth a combined $27M — up 8.5% from $24.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MHF positions and 3 closed out — a net gain of 6 holders — while 16 added to existing stakes and 10 trimmed.

The largest buyer was Thomas J. Herzfeld Advisors, opening a new position worth an estimated $493K. The largest seller was Karpus Investment Management, cutting an estimated $830K.

  • 47 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2019, up from 42 in Q4 2018.
  • Funds reported $27M of Western Asset Municipal High Income Fund stock for Q1 2019, up 8.5% quarter-over-quarter.
  • 9 funds opened new Western Asset Municipal High Income Fund positions in Q1 2019 and 3 closed out, a net change of +6 holders.
  • The largest Western Asset Municipal High Income Fund buyer in Q1 2019 was Thomas J. Herzfeld Advisors, an estimated $493K added.
  • The largest Western Asset Municipal High Income Fund seller in Q1 2019 was Karpus Investment Management, an estimated $830K sold.

Based on aggregated 13F filings for Q1 2019.