Western Asset Municipal High Income Fund
MHF
42 hedge funds and large institutions have $27.7M invested in Western Asset Municipal High Income Fund in 2018 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 9 reducing their positions, and 5 closing their positions.
78% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 9
22% more capital invested
Capital invested by funds: $22.7M → $27.7M (+$5.04M)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 41 → 42 (+1)
1.93% more ownership
Funds ownership: 14.82% → 16.75% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.68M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$622K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$423K |
| 4 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$151K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$92.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$683K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$637K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$185K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$73.2K |
| 5 |
BAS
Brown Advisory Securities
Baltimore,
Maryland
|
-$65.4K |
MHF Hedge Fund Activity: Q4 2018 in Review
42 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q4 2018, worth a combined $27.7M — up 22% from $22.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new MHF positions and 5 closed out — a net gain of 1 holder — while 16 added to existing stakes and 9 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $2.68M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $683K.
- 42 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q4 2018, up from 41 in Q3 2018.
- Funds reported $27.7M of Western Asset Municipal High Income Fund stock for Q4 2018, up 22% quarter-over-quarter.
- 6 funds opened new Western Asset Municipal High Income Fund positions in Q4 2018 and 5 closed out, a net change of +1 holder.
- The largest Western Asset Municipal High Income Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $2.68M added.
- The largest Western Asset Municipal High Income Fund seller in Q4 2018 was Raymond James Financial Services Advisors, an estimated $683K sold.
Based on aggregated 13F filings for Q4 2018.