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 |
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.