Western Asset Municipal High Income Fund
MHF
38 hedge funds and large institutions have $15.4M invested in Western Asset Municipal High Income Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 6 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
16% more capital invested
Capital invested by funds: $13.3M → $15.4M (+$2.07M)
3% more funds holding
Funds holding: 37 → 38 (+1)
1.41% more ownership
Funds ownership: 8.58% → 9.99% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$913K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$586K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$457K |
| 4 |
Morgan Stanley
New York
|
+$259K |
| 5 |
NDSI
Newman Dignan & Sheerar Inc
Providence,
Rhode Island
|
+$255K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$322K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$259K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$110K |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$109K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$106K |
MHF Hedge Fund Activity: Q1 2017 in Review
38 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2017, worth a combined $15.4M — up 16% from $13.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new MHF positions and 6 closed out — a net gain of 1 holder — while 14 added to existing stakes and 7 trimmed.
The largest buyer was LPL Financial, adding an estimated $913K. The largest seller was Landscape Capital Management, cutting an estimated $322K.
- 38 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2017, up from 37 in Q4 2016.
- Funds reported $15.4M of Western Asset Municipal High Income Fund stock for Q1 2017, up 16% quarter-over-quarter.
- 7 funds opened new Western Asset Municipal High Income Fund positions in Q1 2017 and 6 closed out, a net change of +1 holder.
- The largest Western Asset Municipal High Income Fund buyer in Q1 2017 was LPL Financial, an estimated $913K added.
- The largest Western Asset Municipal High Income Fund seller in Q1 2017 was Landscape Capital Management, an estimated $322K sold.
Based on aggregated 13F filings for Q1 2017.