Western Asset Municipal Defined Opportunity Trust Inc.
MTT
MTT was delisted on the 30th of April, 2021.
34 hedge funds and large institutions have $31M invested in Western Asset Municipal Defined Opportunity Trust Inc. in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 8 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
4% more capital invested
Capital invested by funds: $29.9M → $31M (+$1.16M)
11% less funds holding
Funds holding: 38 → 34 (-4)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.81M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.19M |
| 3 |
SPIA
Steward Partners Investment Advisory
New York
|
+$928K |
| 4 |
Morgan Stanley
New York
|
+$914K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$424K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$739K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$479K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$391K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$272K |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$238K |
MTT Hedge Fund Activity: Q1 2020 in Review
34 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal Defined Opportunity Trust Inc. (MTT) for Q1 2020, worth a combined $31M — up 3.9% from $29.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MTT and 6 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 13 added.
The largest buyer was City of London Investment Management, opening a new position worth an estimated $1.81M. The largest seller was Bank of America, cutting an estimated $739K.
- 34 institutional investors held Western Asset Municipal Defined Opportunity Trust Inc. (MTT) as of Q1 2020, down from 38 in Q4 2019.
- Funds reported $31M of Western Asset Municipal Defined Opportunity Trust Inc. stock for Q1 2020, up 3.9% quarter-over-quarter.
- 6 funds opened new Western Asset Municipal Defined Opportunity Trust Inc. positions in Q1 2020 and 8 closed out, a net change of -2 holders.
- The largest Western Asset Municipal Defined Opportunity Trust Inc. buyer in Q1 2020 was City of London Investment Management, an estimated $1.81M added.
- The largest Western Asset Municipal Defined Opportunity Trust Inc. seller in Q1 2020 was Bank of America, an estimated $739K sold.
Based on aggregated 13F filings for Q1 2020.