Western Asset Municipal High Income Fund
MHF
44 hedge funds and large institutions have $18.2M invested in Western Asset Municipal High Income Fund in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 7 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
1.06% less ownership
Funds ownership: 12.19% → 11.13% (-1.1%)
6% less funds holding
Funds holding: 47 → 44 (-3)
9% less capital invested
Capital invested by funds: $20M → $18.2M (-$1.74M)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$556K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$373K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$368K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$157K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$145K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.44M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.13M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$475K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
-$294K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$167K |
MHF Hedge Fund Activity: Q4 2019 in Review
44 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q4 2019, worth a combined $18.2M — down 8.7% from $20M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MHF and 6 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $556K. The largest seller was Karpus Investment Management, cutting an estimated $1.44M.
- 44 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q4 2019, down from 47 in Q3 2019.
- Funds reported $18.2M of Western Asset Municipal High Income Fund stock for Q4 2019, down 8.7% quarter-over-quarter.
- 6 funds opened new Western Asset Municipal High Income Fund positions in Q4 2019 and 7 closed out, a net change of -1 holder.
- The largest Western Asset Municipal High Income Fund buyer in Q4 2019 was Morgan Stanley, an estimated $556K added.
- The largest Western Asset Municipal High Income Fund seller in Q4 2019 was Karpus Investment Management, an estimated $1.44M sold.
Based on aggregated 13F filings for Q4 2019.