Today’s Stock On Watch: Western Asset Municipal Partners Fund Inc (NYSE:MNP) Institutional Investor Positioning

November 16, 2016 - By Hazel Jackson   ·   0 Comments

Today's Stock On Watch: Western Asset Municipal Partners Fund Inc (NYSE:MNP) Institutional Investor Positioning

Sentiment for Western Asset Municipal Partners Fund Inc (NYSE:MNP)

Western Asset Municipal Partners Fund Inc (NYSE:MNP) institutional sentiment increased to 1.09 in Q2 2016. Its up 0.52, from 0.57 in 2016Q1. The ratio increased, as 12 funds increased or started new holdings, while 11 sold and decreased their equity positions in Western Asset Municipal Partners Fund Inc. The funds in our partner’s database now have: 952,490 shares, down from 1.12 million shares in 2016Q1. Also, the number of funds holding Western Asset Municipal Partners Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 6 Increased: 8 New Position: 4.

Western Asset Municipal Partners Fund Inc. is a diversified, closed-end management investment company. The company has a market cap of $143.13 million. The Fund’s primary investment objective is to seek a high level of current income which is exempt from regular federal income taxes, consistent with the preservation of capital. It currently has negative earnings. As a secondary investment objective, the Fund intends to enhance portfolio value by purchasing tax-exempt securities that, in the opinion of the Fund’s investment manager, may appreciate in value relative to other obligations in the marketplace.

The stock increased 0.86% or $0.13 on November 15, hitting $15.08. Western Asset Municipal Partners Fnd Inc (NYSE:MNP) has declined 9.54% since April 14, 2016 and is downtrending. It has underperformed by 14.22% the S&P500.

Doliver Capital Advisors Inc. holds 0.28% of its portfolio in Western Asset Municipal Partners Fnd Inc for 19,336 shares. Dixon Hubard Feinour & Brown Inc Va owns 14,350 shares or 0.08% of their US portfolio. Moreover, Raymond James Trust N.A. has 0.06% invested in the company for 38,220 shares. The Florida-based Raymond James & Associates has invested 0.01% in the stock. Raymond James Financial Services Advisors Inc., a Florida-based fund reported 72,029 shares.#img1#

MNP Company Profile

Western Asset Municipal Partners Fund Inc. (the Fund), incorporated on November 24, 1992, is a diversified closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income, which is exempt from federal income taxes, consistent with the preservation of capital. As a secondary investment objective, the Fund seeks to enhance portfolio value by purchasing tax exempt securities that may appreciate in value relative to other similar obligations in the marketplace. The Fund invests primarily in investment-grade municipal bonds. The Company’s portfolio also includes short-term investments. In July 2007, the Fund announced the completion of its merger with Western Asset Municipal Partners Fund II Inc.

More important recent Western Asset Municipal Partners Fnd Inc (NYSE:MNP) news were published by: Businesswire.com which released: “Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor Adopt …” on November 16, 2015, also Digitaljournal.com published article titled: “Western Asset Municipal Partners Fund Inc. Portfolio Composition as of …”, Businesswire.com published: “Western Asset Global Partners Income Fund Inc. (NYSE:GDF) Announces Approval …” on August 15, 2016. More interesting news about Western Asset Municipal Partners Fnd Inc (NYSE:MNP) was released by: Streetinsider.com and their article: “Form 3 WESTERN ASSET GLOBAL For: Mar 31 Filed by: LEECH S. KENNETH” with publication date: September 16, 2016.

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By Hazel Jackson


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