Western Asset Managed Municipals Fund
MMU
68 hedge funds and large institutions have $70.9M invested in Western Asset Managed Municipals Fund in 2019 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 7 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
0% more capital invested
Capital invested by funds: $70.8M → $70.9M (+$101K)
0% more funds holding
Funds holding: 68 → 68 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
0.04% less ownership
Funds ownership: 11.93% → 11.89% (-0.04%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$830K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$774K |
| 3 |
OFG
OTA Financial Group
Purchase,
New York
|
+$560K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$507K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$315K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWM
Western Wealth Management
Golden,
Colorado
|
-$2.8M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$408K |
| 3 |
GI
Glovista Investments
Jersey City,
New Jersey
|
-$284K |
| 4 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
-$241K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$240K |
MMU Hedge Fund Activity: Q3 2019 in Review
68 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Western Asset Managed Municipals Fund (MMU) for Q3 2019, worth a combined $70.9M — up 0.14% from $70.8M a quarter earlier.
Fund positioning in MMU was balanced in Q3 2019: 7 funds opened new positions, 7 closed out, 20 added to existing stakes and 16 trimmed.
The largest buyer was Invesco, adding an estimated $830K. The largest seller was Western Wealth Management, exiting entirely with an estimated $2.8M sold.
- 68 institutional investors held Western Asset Managed Municipals Fund (MMU) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $70.9M of Western Asset Managed Municipals Fund stock for Q3 2019, up 0.14% quarter-over-quarter.
- 7 funds opened new Western Asset Managed Municipals Fund positions in Q3 2019 and 7 closed out, a net change of 0 holders.
- The largest Western Asset Managed Municipals Fund buyer in Q3 2019 was Invesco, an estimated $830K added.
- The largest Western Asset Managed Municipals Fund seller in Q3 2019 was Western Wealth Management, an estimated $2.8M sold.
Based on aggregated 13F filings for Q3 2019.