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MHF

Western Asset Municipal High Income Fund
MHF

44 hedge funds and large institutions have $21.6M invested in Western Asset Municipal High Income Fund in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

60% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 10

9% more capital invested

Capital invested by funds: $19.8M → $21.6M (+$1.76M)

7% more funds holding

Funds holding: 41 → 44 (+3)

1.19% more ownership

Funds ownership: 12.29% → 13.48% (+1.2%)

Holders
44
Holders Change
+3
Holders Change %
+7.32%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
16
Reduced
10
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$802K
2
GC
Guggenheim Capital
Illinois
+$588K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$313K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$148K
5
IAIM
International Assets Investment Management
Florida
+$116K

Top Sellers

Rank Fund Capital Flow
1
BRWM
B. Riley Wealth Management
Tennessee
-$179K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$110K
3
TFA
Tobias Financial Advisors
Florida
-$93.6K
4
UCFA
United Capital Financial Advisors
Texas
-$93.4K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$79.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
1
Raymond James & Associates
Florida
$3.47M +$110K +14,872 +3%
Morgan Stanley
2
Morgan Stanley
New York
$3.38M -$25K -3,393 -0.7%
RJFSA
3
Raymond James Financial Services Advisors
Florida
$2.5M +$148K +20,134 +6%
Wells Fargo
4
Wells Fargo
California
$1.93M +$81.8K +11,091 +5%
1CP
5
1607 Capital Partners
Virginia
$1.42M +$61.9K +8,400 +5%
Bank of America
6
Bank of America
North Carolina
$1.17M -$6.13K -832 -0.5%
Janney Montgomery Scott
7
Janney Montgomery Scott
Pennsylvania
$892K -$79.5K -10,783 -8%
Cambridge Investment Research Advisors
8
Cambridge Investment Research Advisors
Iowa
$870K +$313K +42,445 +58%
GC
9
Guggenheim Capital
Illinois
$849K +$588K +79,742 +239%
RCM
10
Robinson Capital Management
Michigan
$815K +$802K +108,832 New
UCFA
11
United Capital Financial Advisors
Texas
$410K -$93.4K -12,669 -19%
PFS
12
Prospera Financial Services
Texas
$341K +$68.9K +9,350 +26%
UBS Group
13
UBS Group
Switzerland
$324K +$24.2K +3,286 +8%
GCP
14
Gill Capital Partners
Colorado
$303K – – –
RIA
15
Realta Investment Advisors
Delaware
$275K – – –
First Trust Advisors
16
First Trust Advisors
Illinois
$246K +$18.7K +2,542 +8%
BIM
17
Bridgecreek Investment Management
Oklahoma
$225K – – –
Osaic Holdings
18
Osaic Holdings
Arizona
$223K -$19.9K -2,703 -8%
TJHA
19
Thomas J. Herzfeld Advisors
Florida
$196K +$4.79K +650 +3%
WAP
20
Wealthcare Advisory Partners
Pennsylvania
$158K +$29.5K +4,000 +24%
MAFM
21
Mid Atlantic Financial Management
Pennsylvania
$144K – – –
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$143K – – –
CIA
23
Capital Investment Advisors
Georgia
$141K – – –
AA
24
Ancora Advisors
Ohio
$119K – – –
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$118K -$11.4K -1,541 -9%
1
2

MHF Hedge Fund Activity: Q4 2020 in Review

44 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal High Income Fund (MHF) for Q4 2020, worth a combined $21.6M — up 8.9% from $19.8M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new MHF positions and 4 closed out — a net gain of 3 holders — while 16 added to existing stakes and 10 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $802K. The largest seller was B. Riley Wealth Management, exiting entirely with an estimated $179K sold.

  • 44 institutional investors held Western Asset Municipal High Income Fund (MHF) as of Q4 2020, up from 41 in Q3 2020.
  • Funds reported $21.6M of Western Asset Municipal High Income Fund stock for Q4 2020, up 8.9% quarter-over-quarter.
  • 7 funds opened new Western Asset Municipal High Income Fund positions in Q4 2020 and 4 closed out, a net change of +3 holders.
  • The largest Western Asset Municipal High Income Fund buyer in Q4 2020 was Robinson Capital Management, an estimated $802K added.
  • The largest Western Asset Municipal High Income Fund seller in Q4 2020 was B. Riley Wealth Management, an estimated $179K sold.

Based on aggregated 13F filings for Q4 2020.