Raymond James & Associates Cuts Holdings in Western Asset Municipal Partners Fund Inc. (NYSE:MNP)

Raymond James & Associates cut its holdings in Western Asset Municipal Partners Fund Inc. (NYSE:MNP – Get Rating) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 349,970 shares of the financial services provider’s stock after selling 19,790 shares during the period. Raymond James & Associates’ holdings in Western Asset Municipal Partners Fund were worth $4,074,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MNP. Drive Wealth Management LLC purchased a new stake in Western Asset Municipal Partners Fund during the 3rd quarter worth approximately $237,000. Melfa Wealth Management LLC acquired a new stake in Western Asset Municipal Partners Fund during the 4th quarter valued at approximately $903,000. Bar Harbor Wealth Management acquired a new stake in Western Asset Municipal Partners Fund during the 4th quarter valued at approximately $226,000. UBS Group AG raised its holdings in shares of Western Asset Municipal Partners Fund by 3.9% during the second quarter. UBS Group AG now owns 43,419 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Western Asset Municipal Partners Fund by 54.1% in the first quarter. Bank of America Corp DE now owns 28,197 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 9,905 shares during the last quarter. Institutional investors own 29.40% of the company’s stock.

Western Asset Municipal Partners Fund Stock Performance

Western Asset Municipal Partners Fund stock opened at $11.33 on Thursday. The business has a 50 day simple moving average of $11.87 and a 200-day simple moving average of $11.97. Western Asset Municipal Partners Fund Inc. has a 12 month low of $10.71 and a 12 month high of $13.49.

Western Asset Municipal Partners Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 24th will be given a dividend of $0.043 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Wednesday, August 23rd.

Western Asset Municipal Partners Fund Profile

(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.