Western Asset Municipal High Income Fund
MHF
36 hedge funds and large institutions have $14.2M invested in Western Asset Municipal High Income Fund in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 6 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
1.1% less ownership
Funds ownership: 9.99% → 8.89% (-1.1%)
5% less funds holding
Funds holding: 38 → 36 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
55% less capital inflows, than outflows
Capital inflows: $1.42M | Capital outflows: $3.17M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$955K |
| 2 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$161K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$77K |
| 4 |
VanEck Associates
New York
|
+$61K |
| 5 |
SG Americas Securities
New York
|
+$54.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$1.34M |
| 2 |
Karpus Investment Management
Pittsford,
New York
|
-$374K |
| 3 |
Morgan Stanley
New York
|
-$263K |
| 4 |
Landscape Capital Management
Englewood,
New Jersey
|
-$163K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$155K |
MHF Hedge Fund Activity: Q2 2017 in Review
36 of the 4,023 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q2 2017, worth a combined $14.2M — down 9.4% from $15.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of MHF and 4 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 11 added.
The largest buyer was Invesco, opening a new position worth an estimated $955K. The largest seller was LPL Financial, cutting an estimated $1.34M.
- 36 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q2 2017, down from 38 in Q1 2017.
- Funds reported $14.2M of Western Asset Municipal High Income Fund stock for Q2 2017, down 9.4% quarter-over-quarter.
- 4 funds opened new Western Asset Municipal High Income Fund positions in Q2 2017 and 6 closed out, a net change of -2 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q2 2017 was Invesco, an estimated $955K added.
- The largest Western Asset Municipal High Income Fund seller in Q2 2017 was LPL Financial, an estimated $1.34M sold.
Based on aggregated 13F filings for Q2 2017.