Steward Partners Investment Advisory LLC boosted its stake in shares of Western Asset Municipal Partners Fnd Inc (NYSE:MNP) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,355 shares of the financial services provider’s stock after purchasing an additional 1,512 shares during the quarter. Steward Partners Investment Advisory LLC owned approximately 0.32% of Western Asset Municipal Partners Fnd worth $478,000 as of its most recent SEC filing.
Separately, First Trust Advisors LP increased its holdings in shares of Western Asset Municipal Partners Fnd by 9.8% in the 1st quarter. First Trust Advisors LP now owns 65,181 shares of the financial services provider’s stock valued at $941,000 after acquiring an additional 5,811 shares during the last quarter. 15.53% of the stock is currently owned by hedge funds and other institutional investors.
MNP opened at $15.36 on Friday. Western Asset Municipal Partners Fnd Inc has a one year low of $14.00 and a one year high of $15.82. The business’s 50-day simple moving average is $15.30 and its 200-day simple moving average is $15.22.
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.
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