Western Asset Municipal High Income Fund
MHF
37 hedge funds and large institutions have $13.2M invested in Western Asset Municipal High Income Fund in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
16% more funds holding
Funds holding: 32 → 37 (+5)
10% more capital invested
Capital invested by funds: $12M → $13.2M (+$1.21M)
1.25% more ownership
Funds ownership: 7.62% → 8.88% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$818K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$582K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$480K |
| 4 |
Morgan Stanley
New York
|
+$470K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$433K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$904K |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$510K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$445K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$104K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$64.6K |
MHF Hedge Fund Activity: Q3 2013 in Review
37 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q3 2013, worth a combined $13.2M — up 10% from $12M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MHF positions and 1 closed out — a net gain of 5 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was UBS, adding an estimated $818K. The largest seller was Invesco, cutting an estimated $904K.
- 37 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q3 2013, up from 32 in Q2 2013.
- Funds reported $13.2M of Western Asset Municipal High Income Fund stock for Q3 2013, up 10% quarter-over-quarter.
- 6 funds opened new Western Asset Municipal High Income Fund positions in Q3 2013 and 1 closed out, a net change of +5 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q3 2013 was UBS, an estimated $818K added.
- The largest Western Asset Municipal High Income Fund seller in Q3 2013 was Invesco, an estimated $904K sold.
Based on aggregated 13F filings for Q3 2013.