Western Asset Municipal Defined Opportunity Trust Inc.
MTT
MTT was delisted on the 30th of April, 2021.
31 hedge funds and large institutions have $32.9M invested in Western Asset Municipal Defined Opportunity Trust Inc. in 2020 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 5 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
6% more capital invested
Capital invested by funds: $31M → $32.9M (+$1.86M)
9% less funds holding
Funds holding: 34 → 31 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.85M |
| 2 |
Morgan Stanley
New York
|
+$1.42M |
| 3 |
IAP
Indie Asset Partners
Carmel,
Indiana
|
+$555K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$385K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$301K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.08M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$278K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$251K |
| 4 |
FIA
FNY Investment Advisers
New York
|
-$241K |
| 5 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$222K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WEC
26
Winslow Evans & Crocker
Boston,
Massachusetts
| $27K | -$19 | -1 | -0.1% |
|
|
DSC
27
Duncker Streett & Co
St. Louis,
Missouri
| $12K | – | – | – |
|
|
BWL
28
Bogart Wealth LLC
Mclean,
Virginia
| $11K | – | – | – |
|
|
APA
29
American Portfolios Advisors
Holbrook,
New York
| $9.88K | – | – | – |
|
|
BFEC
30
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $9K | – | – | – |
|
|
MA
31
MUFG Americas
New York
| $6K | – | – | – |
|
|
32
Invesco
Atlanta,
Georgia
| – | -$251K | -13,318 | Closed |
|
|
FIA
33
FNY Investment Advisers
New York
| – | -$241K | -12,795 | Closed |
|
|
RA
34
RFG Advisory
Birmingham,
Alabama
| – | -$222K | -11,746 | Closed |
|
|
WAM
35
Wolverine Asset Management
Chicago,
Illinois
| – | -$93K | -4,931 | Closed |
|
|
IFAM
36
Institutional & Family Asset Management
Fort Collins,
Colorado
| – | -$3K | -182 | Closed |
|
MTT Hedge Fund Activity: Q2 2020 in Review
31 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Western Asset Municipal Defined Opportunity Trust Inc. (MTT) for Q2 2020, worth a combined $32.9M — up 6% from $31M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of MTT and 2 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 12 added.
The largest buyer was Raymond James & Associates, adding an estimated $1.85M. The largest seller was Bank of America, cutting an estimated $3.08M.
- 31 institutional investors held Western Asset Municipal Defined Opportunity Trust Inc. (MTT) as of Q2 2020, down from 34 in Q1 2020.
- Funds reported $32.9M of Western Asset Municipal Defined Opportunity Trust Inc. stock for Q2 2020, up 6% quarter-over-quarter.
- 2 funds opened new Western Asset Municipal Defined Opportunity Trust Inc. positions in Q2 2020 and 5 closed out, a net change of -3 holders.
- The largest Western Asset Municipal Defined Opportunity Trust Inc. buyer in Q2 2020 was Raymond James & Associates, an estimated $1.85M added.
- The largest Western Asset Municipal Defined Opportunity Trust Inc. seller in Q2 2020 was Bank of America, an estimated $3.08M sold.
Based on aggregated 13F filings for Q2 2020.