National Asset Management Inc. Grows Stock Position in Western Asset Municipal Partners Fund Inc. (NYSE:MNP)

National Asset Management Inc. boosted its stake in shares of Western Asset Municipal Partners Fund Inc. (NYSE:MNPGet Rating) by 13.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 12,421 shares of the financial services provider’s stock after buying an additional 1,494 shares during the period. National Asset Management Inc. owned approximately 0.13% of Western Asset Municipal Partners Fund worth $168,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC grew its position in Western Asset Municipal Partners Fund by 14.9% in the 4th quarter. HighTower Advisors LLC now owns 11,584 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 1,503 shares during the last quarter. Bridgewater Advisors Inc. grew its position in Western Asset Municipal Partners Fund by 17.5% in the 4th quarter. Bridgewater Advisors Inc. now owns 18,300 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 2,719 shares during the last quarter. Matisse Capital bought a new position in Western Asset Municipal Partners Fund in the 1st quarter valued at $423,000. Fiera Capital Corp grew its position in Western Asset Municipal Partners Fund by 80.0% in the 4th quarter. Fiera Capital Corp now owns 32,408 shares of the financial services provider’s stock valued at $504,000 after acquiring an additional 14,402 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Western Asset Municipal Partners Fund by 7.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 42,641 shares of the financial services provider’s stock valued at $663,000 after acquiring an additional 2,806 shares during the last quarter. Institutional investors own 30.07% of the company’s stock.

Western Asset Municipal Partners Fund Price Performance

Shares of Western Asset Municipal Partners Fund stock opened at $13.13 on Tuesday. The stock’s fifty day moving average is $12.73 and its two-hundred day moving average is $13.26. Western Asset Municipal Partners Fund Inc. has a 52 week low of $11.81 and a 52 week high of $16.85.

Western Asset Municipal Partners Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Wednesday, August 24th will be given a dividend of $0.0475 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Tuesday, August 23rd.

About Western Asset Municipal Partners Fund

(Get Rating)

Western Asset Municipal Partners Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in fixed income markets of the United States. The fund primarily invests in investment grade tax exempt securities issued by municipalities.

See Also

Institutional Ownership by Quarter for Western Asset Municipal Partners Fund (NYSE:MNP)

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