Western Asset Municipal Defined Opportunity Trust Inc.
MTT
MTT was delisted on the 30th of April, 2021.
30 hedge funds and large institutions have $24.3M invested in Western Asset Municipal Defined Opportunity Trust Inc. in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 7 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
6% less funds holding
Funds holding: 32 → 30 (-2)
13% less capital invested
Capital invested by funds: $28M → $24.3M (-$3.7M)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.63M |
| 2 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$383K |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
+$137K |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$113K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$93.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$2.96M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.09M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$941K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$630K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$223K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
M
26
MOTCO
San Antonio,
Texas
| $22K | +$21.3K | +1,000 | New |
|
|
HNB
27
Huntington National Bank
Columbus,
Ohio
| $14K | – | – | – |
|
|
AWMS
28
Advocacy Wealth Management Services
Atlanta,
Georgia
| $14K | +$13.8K | +650 | New |
|
|
APA
29
American Portfolios Advisors
Holbrook,
New York
| $10.9K | – | – | – |
|
|
SPIA
30
Steward Partners Investment Advisory
New York
| $8K | – | – | – |
|
|
IWM
31
IHT Wealth Management
Chicago,
Illinois
| $6K | -$4.79K | -225 | -43% |
|
|
LCM
32
Laurion Capital Management
New York
| – | -$2.96M | -141,722 | Closed |
|
|
MIG
33
Mariner Investment Group
Harrison,
New York
| – | -$2.09M | -100,000 | Closed |
|
|
CAN
34
Cetera Advisor Networks
El Segundo,
California
| – | -$941K | -45,005 | Closed |
|
|
WAM
35
Wolverine Asset Management
Chicago,
Illinois
| – | -$630K | -30,171 | Closed |
|
|
36
Ameriprise
Minneapolis,
Minnesota
| – | -$223K | -10,659 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$29K | -1,399 | Closed |
|
|
CCM
38
Covington Capital Management
Los Angeles,
California
| – | -$21K | -1,000 | Closed |
|
MTT Hedge Fund Activity: Q1 2018 in Review
30 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal Defined Opportunity Trust Inc. (MTT) for Q1 2018, worth a combined $24.3M — down 13% from $28M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MTT and 5 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 9 added.
The largest buyer was Bank of America, adding an estimated $1.63M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.96M sold.
- 30 institutional investors held Western Asset Municipal Defined Opportunity Trust Inc. (MTT) as of Q1 2018, down from 32 in Q4 2017.
- Funds reported $24.3M of Western Asset Municipal Defined Opportunity Trust Inc. stock for Q1 2018, down 13% quarter-over-quarter.
- 5 funds opened new Western Asset Municipal Defined Opportunity Trust Inc. positions in Q1 2018 and 7 closed out, a net change of -2 holders.
- The largest Western Asset Municipal Defined Opportunity Trust Inc. buyer in Q1 2018 was Bank of America, an estimated $1.63M added.
- The largest Western Asset Municipal Defined Opportunity Trust Inc. seller in Q1 2018 was Laurion Capital Management, an estimated $2.96M sold.
Based on aggregated 13F filings for Q1 2018.