Western Asset Municipal High Income Fund
MHF
47 hedge funds and large institutions have $20M invested in Western Asset Municipal High Income Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
4% more funds holding
Funds holding: 45 → 47 (+2)
3.71% less ownership
Funds ownership: 15.9% → 12.19% (-3.7%)
23% less capital invested
Capital invested by funds: $26.1M → $20M (-$6.07M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.13M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$512K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$425K |
| 4 |
Morgan Stanley
New York
|
+$313K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$244K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.63M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.91M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.45M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$356K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$304K |
MHF Hedge Fund Activity: Q3 2019 in Review
47 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q3 2019, worth a combined $20M — down 23% from $26.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new MHF positions and 2 closed out — a net gain of 2 holders — while 16 added to existing stakes and 11 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.13M. The largest seller was Karpus Investment Management, cutting an estimated $4.63M.
- 47 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q3 2019, up from 45 in Q2 2019.
- Funds reported $20M of Western Asset Municipal High Income Fund stock for Q3 2019, down 23% quarter-over-quarter.
- 4 funds opened new Western Asset Municipal High Income Fund positions in Q3 2019 and 2 closed out, a net change of +2 holders.
- The largest Western Asset Municipal High Income Fund buyer in Q3 2019 was Robinson Capital Management, an estimated $1.13M added.
- The largest Western Asset Municipal High Income Fund seller in Q3 2019 was Karpus Investment Management, an estimated $4.63M sold.
Based on aggregated 13F filings for Q3 2019.