Western Asset Municipal High Income Fund
MHF
46 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 8 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
60% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 10
10% more funds holding
Funds holding: 42 → 46 (+4)
0.14% more ownership
Funds ownership: 16.75% → 16.9% (+0.14%)
3% less capital invested
Capital invested by funds: $27.7M → $27M (-$756K)
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
46 of the 4,633 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 — down 2.7% from $27.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MHF positions and 3 closed out — a net gain of 5 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.
- 46 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, down 2.7% quarter-over-quarter.
- 8 funds opened new Western Asset Municipal High Income Fund positions in Q1 2019 and 3 closed out, a net change of +5 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.