Western Asset Municipal High Income Fund
MHF
45 hedge funds and large institutions have $25.7M invested in Western Asset Municipal High Income Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 8 reducing their positions, and 6 closing their positions.
113% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 8
5% less capital invested
Capital invested by funds: $27M → $25.7M (-$1.24M)
1.05% less ownership
Funds ownership: 16.95% → 15.9% (-1%)
4% less funds holding
Funds holding: 47 → 45 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$404K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$290K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$256K |
| 4 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$148K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$128K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.27M |
| 2 |
Morgan Stanley
New York
|
-$317K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$145K |
| 4 |
BAS
Brown Advisory Securities
Baltimore,
Maryland
|
-$132K |
| 5 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$132K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACA
51
Ackerman Capital Advisors
Dallas,
Texas
| – | -$79 | -10,701 | Closed |
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -71 | Closed |
|
MHF Hedge Fund Activity: Q2 2019 in Review
45 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q2 2019, worth a combined $25.7M — down 4.6% from $27M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MHF and 4 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 17 added.
The largest buyer was United Capital Financial Advisors, adding an estimated $404K. The largest seller was Karpus Investment Management, cutting an estimated $2.27M.
- 45 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q2 2019, down from 47 in Q1 2019.
- Funds reported $25.7M of Western Asset Municipal High Income Fund stock for Q2 2019, down 4.6% quarter-over-quarter.
- 4 funds opened new Western Asset Municipal High Income Fund positions in Q2 2019 and 6 closed out, a net change of -2 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q2 2019 was United Capital Financial Advisors, an estimated $404K added.
- The largest Western Asset Municipal High Income Fund seller in Q2 2019 was Karpus Investment Management, an estimated $2.27M sold.
Based on aggregated 13F filings for Q2 2019.