Western Asset Municipal Partners Fund Inc. (NYSE:MNP) Declares Dividend of $0.04

Western Asset Municipal Partners Fund Inc. (NYSE:MNP) declared a dividend on Wednesday, August 2nd, NASDAQ reports. Stockholders of record on Friday, September 22nd will be paid a dividend of 0.043 per share by the financial services provider on Monday, October 2nd. The ex-dividend date is Thursday, September 21st.

Western Asset Municipal Partners Fund Price Performance

Shares of NYSE MNP opened at $11.04 on Tuesday. The stock has a 50 day moving average price of $11.47 and a 200 day moving average price of $11.67. Western Asset Municipal Partners Fund has a 52 week low of $10.71 and a 52 week high of $12.99.

Hedge Funds Weigh In On Western Asset Municipal Partners Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in Western Asset Municipal Partners Fund by 59.4% in the 4th quarter. Morgan Stanley now owns 330,467 shares of the financial services provider’s stock valued at $3,847,000 after acquiring an additional 123,198 shares during the period. Rivernorth Capital Management LLC lifted its stake in shares of Western Asset Municipal Partners Fund by 42.4% during the 2nd quarter. Rivernorth Capital Management LLC now owns 191,117 shares of the financial services provider’s stock worth $2,236,000 after buying an additional 56,876 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Western Asset Municipal Partners Fund by 1.1% during the 1st quarter. First Trust Advisors LP now owns 107,015 shares of the financial services provider’s stock worth $1,441,000 after buying an additional 1,120 shares during the period. LPL Financial LLC grew its stake in Western Asset Municipal Partners Fund by 24.4% in the 2nd quarter. LPL Financial LLC now owns 77,748 shares of the financial services provider’s stock valued at $973,000 after buying an additional 15,265 shares during the last quarter. Finally, Moors & Cabot Inc. raised its holdings in Western Asset Municipal Partners Fund by 139.6% in the 1st quarter. Moors & Cabot Inc. now owns 68,649 shares of the financial services provider’s stock valued at $925,000 after acquiring an additional 40,000 shares during the period.

Western Asset Municipal Partners Fund Company Profile

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.