Western Asset Municipal High Income Fund
MHF
47 hedge funds and large institutions have $27M invested in Western Asset Municipal High Income Fund in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
60% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 10
12% more funds holding
Funds holding: 42 → 47 (+5)
9% more capital invested
Capital invested by funds: $24.9M → $27M (+$2.12M)
0.19% more ownership
Funds ownership: 16.75% → 16.95% (+0.19%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$493K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$416K |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$404K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$221K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$130K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$830K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$158K |
| 3 |
BAS
Brown Advisory Securities
Baltimore,
Maryland
|
-$157K |
| 4 |
Morgan Stanley
New York
|
-$134K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$132K |
MHF Hedge Fund Activity: Q1 2019 in Review
47 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q1 2019, worth a combined $27M — up 8.5% from $24.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MHF positions and 3 closed out — a net gain of 6 holders — while 16 added to existing stakes and 10 trimmed.
The largest buyer was Thomas J. Herzfeld Advisors, opening a new position worth an estimated $493K. The largest seller was Karpus Investment Management, cutting an estimated $830K.
- 47 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q1 2019, up from 42 in Q4 2018.
- Funds reported $27M of Western Asset Municipal High Income Fund stock for Q1 2019, up 8.5% quarter-over-quarter.
- 9 funds opened new Western Asset Municipal High Income Fund positions in Q1 2019 and 3 closed out, a net change of +6 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q1 2019 was Thomas J. Herzfeld Advisors, an estimated $493K added.
- The largest Western Asset Municipal High Income Fund seller in Q1 2019 was Karpus Investment Management, an estimated $830K sold.
Based on aggregated 13F filings for Q1 2019.