Western Asset Municipal Partners Fund Inc. (MNP) To Go Ex-Dividend on August 23rd

Posted by Defense World Staff on Aug 21st, 2023

Western Asset Municipal Partners Fund Inc. (NYSE:MNP – Get Free Report) declared a monthly dividend on Wednesday, May 17th, Wall Street Journal reports. Shareholders of record on Thursday, August 24th will be paid a dividend of 0.043 per share by the financial services provider on Friday, September 1st. This represents a $0.52 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Wednesday, August 23rd.

Western Asset Municipal Partners Fund Stock Performance

MNP opened at $11.41 on Monday. The stock’s 50 day simple moving average is $11.66 and its 200 day simple moving average is $11.84. Western Asset Municipal Partners Fund has a 1-year low of $10.71 and a 1-year high of $12.99.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MNP. Wells Fargo & Company MN grew its stake in Western Asset Municipal Partners Fund by 40.6% in the 4th quarter. Wells Fargo & Company MN now owns 10,387 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 3,001 shares during the last quarter. Advisor Group Holdings Inc. grew its position in shares of Western Asset Municipal Partners Fund by 1,208.2% in the first quarter. Advisor Group Holdings Inc. now owns 8,987 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 8,300 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Western Asset Municipal Partners Fund during the 4th quarter worth approximately $130,000. Advisory Services Network LLC acquired a new position in shares of Western Asset Municipal Partners Fund during the 1st quarter worth approximately $290,000. Finally, Bank of America Corp DE lifted its stake in Western Asset Municipal Partners Fund by 54.1% in the 1st quarter. Bank of America Corp DE now owns 28,197 shares of the financial services provider’s stock valued at $380,000 after buying an additional 9,905 shares in the last quarter.

About Western Asset Municipal Partners Fund

(Get Free Report)

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.