Stock On Watch: Western Asset Municipal Defined Opportunity Trust Inc (NYSE:MTT) Shifting Institutional Investors Sentiment

November 18, 2016 - By Hazel Jackson   ·   0 Comments

Stock On Watch: Western Asset Municipal Defined Opportunity Trust Inc (NYSE:MTT) Shifting Institutional Investors Sentiment

Sentiment for Western Asset Municipal Defined Opportunity Trust Inc (NYSE:MTT)

Western Asset Municipal Defined Opportunity Trust Inc (NYSE:MTT) institutional sentiment increased to 1.86 in Q2 2016. Its up 0.68, from 1.18 in 2016Q1. The ratio is better, as 13 investment managers started new or increased equity positions, while 11 cut down and sold their stakes in Western Asset Municipal Defined Opportunity Trust Inc. The investment managers in our partner’s database now hold: 1.11 million shares, down from 1.32 million shares in 2016Q1. Also, the number of investment managers holding Western Asset Municipal Defined Opportunity Trust Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 6 Increased: 11 New Position: 2.

Western Asset Municipal Defined Opportunity Trust Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $288.30 million. The Fund’s primary investment objective is to provide high current income exempt from federal income tax and then to liquidate on or about April 30, 2021 and distribute all of the Fund’s net assets to shareholders. It currently has negative earnings. As a secondary investment objective, it will seek total return.

About 8,957 shares traded hands. Western Asset Municipal D Opp Trust Inc. (NYSE:MTT) has declined 6.41% since April 18, 2016 and is downtrending. It has underperformed by 10.84% the S&P500.

Iowa State Bank holds 0.08% of its portfolio in Western Asset Municipal D Opp Trust Inc. for 7,436 shares. Clenar Muke Llc owns 24,609 shares or 0.04% of their US portfolio. Moreover, Raymond James Financial Services Advisors Inc. has 0.02% invested in the company for 74,765 shares. The Massachusetts-based Commonwealth Equity Services Inc has invested 0.01% in the stock. First Interstate Bank, a Montana-based fund reported 1,033 shares.#img1#

More notable recent Western Asset Municipal D Opp Trust Inc. (NYSE:MTT) news were published by: Businesswire.com which released: “Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor, LLC …” on July 22, 2015, also Businesswire.com with their article: “Western Asset Investment Grade Defined Opportunity Trust Inc. Portfolio …” published on October 30, 2015, Streetinsider.com published: “Form 3 WESTERN ASSET GLOBAL For: Mar 31 Filed by: LEECH S. KENNETH” on September 16, 2016. More interesting news about Western Asset Municipal D Opp Trust Inc. (NYSE:MTT) were released by: Wsj.com and their article: “Why Some Pros Favor Closed-End Bond Funds Right Now” published on September 25, 2015 as well as Forbes.com‘s news article titled: “Legg Mason’s Slow Turn: CEO Joe Sullivan’s Trillion Dollar Mission” with publication date: February 12, 2014.

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By Hazel Jackson


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