Western Asset Intermediate Muni Fund
SBI
37 hedge funds and large institutions have $19.1M invested in Western Asset Intermediate Muni Fund in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 6 closing their positions.
0.81% less ownership
Funds ownership: 14.55% → 13.75% (-0.81%)
2% less capital invested
Capital invested by funds: $19.6M → $19.1M (-$406K)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
12% less funds holding
Funds holding: 42 → 37 (-5)
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$351K |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$51.2K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$44.2K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$24.6K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
+$17.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$231K |
| 2 |
LPL Financial
San Diego,
California
|
-$193K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$184K |
| 4 |
OC
Oppenheimer & Co
New York
|
-$177K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$156K |
SBI Hedge Fund Activity: Q2 2017 in Review
37 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Western Asset Intermediate Muni Fund (SBI) for Q2 2017, worth a combined $19.1M — down 2.1% from $19.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SBI and 1 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 9 added.
The largest buyer was Royal Bank of Canada, adding an estimated $351K. The largest seller was Morgan Stanley, cutting an estimated $231K.
- 37 institutional investors held Western Asset Intermediate Muni Fund (SBI) as of Q2 2017, down from 42 in Q1 2017.
- Funds reported $19.1M of Western Asset Intermediate Muni Fund stock for Q2 2017, down 2.1% quarter-over-quarter.
- 1 fund opened new Western Asset Intermediate Muni Fund positions in Q2 2017 and 6 closed out, a net change of -5 holders.
- The largest Western Asset Intermediate Muni Fund buyer in Q2 2017 was Royal Bank of Canada, an estimated $351K added.
- The largest Western Asset Intermediate Muni Fund seller in Q2 2017 was Morgan Stanley, an estimated $231K sold.
Based on aggregated 13F filings for Q2 2017.