Truist Cuts Position In Western Asset

Financial Corporation Truist Cuts Position In Western Asset Municipal Partners Fund.

In its most recent 13F filing with the Securities & Exchange Commission, Truist Financial Corp indicates that it has reduced its holdings in Western Asset Municipal Partners Fund Inc. (NYSE: MNP – Get Rating) by 14.5% in the first quarter of this year.

After selling 8,470 shares of the financial services provider’s stock during the quarter, the institutional investor owned 49,862 shares of it.

As of the end of the most recent quarter, Truist Financial Corp owned 0.51% of Western Asset Municipal Partners Fund for a total value of $672,000, representing a $672,000 investment.

There have also been some changes made to the positions of other large investors in the company in the past few months as well.

The fourth quarter of this year saw Bridgewater Advisors Inc. increase its holdings in Western Asset Municipal Partners Fund by 17.5% from the previous quarter.

In the past three months, Bridgewater Advisors Inc. has purchased an additional 2,719 shares of Bridgewater Advisors Inc.’s stock valued at $285,000, increasing its holdings in the company to 18,300 shares.

Truist Cuts Position In Western Asset
Truist Cuts

A new position was acquired by National Asset Management Inc. during the fourth quarter of the year, valued at about $171,000, in Western Asset Municipal Partners Fund.

Western Asset Municipal Partners Fund was sold to Matisse Capital for a price of around $423,000 during the first quarter of the year.

Over the course of the fourth quarter, Karpus Management Inc. increased its holdings in Western Asset Municipal Partners Fund by 0.4%. This means that after purchasing an additional 2,430 shares of the company’s stock in the last quarter, Karpus Management Inc. now owns 623,841 shares of the financial services provider’s stock valued at $9,707,000.

HighTower Advisors LLC, which owns a substantial amount of Western Asset Municipal Partners Fund, increased its holdings in that fund during the fourth quarter by 14.9%. In the last quarter, HighTower Advisors LLC acquired an additional 1,503 shares of the company’s stock, valuing their ownership at $180,000 as a result of their ownership of 11,584 shares. The company’s stock is owned by hedge funds and other institutional investors to the tune of 30.07%.

Financial Corporation Truist Cuts Position In Western Asset Municipal Partners Fund.

Performance of Western Asset Municipal Partners Fund
On Monday, NYSE: MNP opened at $12.86. NYSE: MNP has a 50-day moving average price of $12.67 and a 200-day moving average price of $13.36. Currently, the price for Western Asset Municipal Partners Fund Inc. is $11.81. The price for the stock has been in the range of $11.81 to $16.65.

Dividends announced by Western Asset Municipal Partners Fund

Furthermore, the company recently announced that a monthly dividend will be paid on Thursday, September 1st, which is the first day of the month.

It is expected that shareholders of record on Wednesday, August 24th will be issued a dividend of $0.0475 per share.

This dividend will be payable on Tuesday, August 23rd, which is the ex-dividend date. A yield of 4.43% is represented by this $0.57 annualized dividend, which represents a dividend of $0.57 per share.

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