Ameriprise Financial Inc. raised its stake in Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) by 12.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,399 shares of the financial services provider’s stock after buying an additional 12,866 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.27% of Western Asset Managed Municipals Fund worth $1,579,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MMU. SG Americas Securities LLC purchased a new stake in Western Asset Managed Municipals Fund in the 2nd quarter valued at $136,000. Flagship Harbor Advisors LLC grew its holdings in Western Asset Managed Municipals Fund by 44.1% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 19,329 shares of the financial services provider’s stock valued at $265,000 after buying an additional 5,920 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Western Asset Managed Municipals Fund by 5.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 75,165 shares of the financial services provider’s stock valued at $1,037,000 after buying an additional 3,645 shares in the last quarter. IFP Advisors Inc grew its holdings in Western Asset Managed Municipals Fund by 19.1% in the 2nd quarter. IFP Advisors Inc now owns 20,714 shares of the financial services provider’s stock valued at $286,000 after buying an additional 3,319 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Western Asset Managed Municipals Fund by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,252 shares of the financial services provider’s stock valued at $169,000 after buying an additional 75 shares in the last quarter. Institutional investors own 12.50% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/05/ameriprise-financial-inc-has-1-58-million-holdings-in-western-asset-managed-municipals-fund-inc-mmu.html.

Shares of Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) opened at $13.99 on Friday. Western Asset Managed Municipals Fund, Inc. has a twelve month low of $13.03 and a twelve month high of $14.51.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 24th will be issued a dividend of $0.063 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Wednesday, November 22nd.

Western Asset Managed Municipals Fund Profile

Western Asset Managed Municipals Fund Inc is a non-diversified, closed-end management investment company. The Fund seeks to maximize current income exempt from federal income tax as is consistent with preservation of principal. It seeks to achieve its objective by investing primarily in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies and public authorities (municipal obligations).

Want to see what other hedge funds are holding MMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Asset Managed Municipals Fund, Inc. (NYSE:MMU).

Institutional Ownership by Quarter for Western Asset Managed Municipals Fund (NYSE:MMU)

Receive News & Stock Ratings for Western Asset Managed Municipals Fund Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Asset Managed Municipals Fund Inc. and related stocks with our FREE daily email newsletter.