Western Asset Municipal High Income Fund
MHF
37 hedge funds and large institutions have $13.8M invested in Western Asset Municipal High Income Fund in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 3 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
3% more funds holding
Funds holding: 36 → 37 (+1)
0.66% less ownership
Funds ownership: 8.5% → 7.83% (-0.66%)
4% less capital invested
Capital invested by funds: $14.3M → $13.8M (-$534K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$216K |
| 2 |
BB
Bell Bank
Fargo,
North Dakota
|
+$198K |
| 3 |
BAS
Brown Advisory Securities
Baltimore,
Maryland
|
+$186K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$176K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$176K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.52M |
| 2 |
Morgan Stanley
New York
|
-$469K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$353K |
| 4 |
UR
USCA RIA
Houston,
Texas
|
-$262K |
| 5 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$35.4K |
MHF Hedge Fund Activity: Q1 2016 in Review
37 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2016, worth a combined $13.8M — down 3.7% from $14.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MHF positions and 3 closed out — a net gain of 1 holder — while 15 added to existing stakes and 9 trimmed.
The largest buyer was Commonwealth Equity Services, adding an estimated $216K. The largest seller was Advisors Asset Management, exiting entirely with an estimated $1.52M sold.
- 37 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2016, up from 36 in Q4 2015.
- Funds reported $13.8M of Western Asset Municipal High Income Fund stock for Q1 2016, down 3.7% quarter-over-quarter.
- 4 funds opened new Western Asset Municipal High Income Fund positions in Q1 2016 and 3 closed out, a net change of +1 holder.
- The largest Western Asset Municipal High Income Fund buyer in Q1 2016 was Commonwealth Equity Services, an estimated $216K added.
- The largest Western Asset Municipal High Income Fund seller in Q1 2016 was Advisors Asset Management, an estimated $1.52M sold.
Based on aggregated 13F filings for Q1 2016.