Robinson Capital Management LLC acquired a new position in shares of Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 216,353 shares of the financial services provider’s stock, valued at approximately $2,984,000. Western Asset Managed Municipals Fund comprises 1.3% of Robinson Capital Management LLC’s investment portfolio, making the stock its 26th biggest position. Robinson Capital Management LLC owned approximately 0.50% of Western Asset Managed Municipals Fund as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Western Asset Managed Municipals Fund during the 2nd quarter worth $136,000. Bank of New York Mellon Corp lifted its stake in shares of Western Asset Managed Municipals Fund by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,252 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 75 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Western Asset Managed Municipals Fund by 44.1% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 19,329 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 5,920 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Western Asset Managed Municipals Fund by 19.1% during the 2nd quarter. IFP Advisors Inc now owns 20,714 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 3,319 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Western Asset Managed Municipals Fund by 5.1% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 75,165 shares of the financial services provider’s stock worth $1,037,000 after purchasing an additional 3,645 shares during the last quarter. Hedge funds and other institutional investors own 12.52% of the company’s stock.

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Shares of Western Asset Managed Municipals Fund, Inc. (MMU) traded down 0.28% during midday trading on Friday, hitting $14.00. The company had a trading volume of 85,422 shares. The company has a 50-day moving average of $14.19 and a 200 day moving average of $13.92. Western Asset Managed Municipals Fund, Inc. has a 12 month low of $13.03 and a 12 month high of $15.47.

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

Western Asset Managed Municipals Fund Company 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).

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

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