Affiance Financial LLC boosted its stake in Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,971 shares of the financial services provider’s stock after purchasing an additional 16,504 shares during the period. Western Asset Managed Municipals Fund makes up approximately 1.5% of Affiance Financial LLC’s holdings, making the stock its 13th largest position. Affiance Financial LLC owned about 0.31% of Western Asset Managed Municipals Fund worth $1,890,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Western Asset Managed Municipals Fund in the 2nd quarter worth approximately $136,000. Bank of New York Mellon Corp grew its position in Western Asset Managed Municipals Fund by 0.6% in 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 period. Yellowstone Partners LLC bought a new stake in Western Asset Managed Municipals Fund in the 3rd quarter worth approximately $236,000. Iberiabank Corp bought a new stake in Western Asset Managed Municipals Fund in the 3rd quarter worth approximately $252,000. Finally, Flagship Harbor Advisors LLC grew its position in Western Asset Managed Municipals Fund by 44.1% in 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 period. 12.14% of the stock is owned by institutional investors and hedge funds.

In other Western Asset Managed Municipals Fund news, Director William R. Hutchinson sold 2,000 shares of Western Asset Managed Municipals Fund stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $14.25, for a total value of $28,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Western Asset Managed Municipals Fund, Inc. (MMU) traded up $0.11 during trading hours on Friday, reaching $14.42. 37,400 shares of the company’s stock were exchanged, compared to its average volume of 72,613. Western Asset Managed Municipals Fund, Inc. has a fifty-two week low of $13.35 and a fifty-two week high of $14.60.

The business also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 22nd will be given a $0.063 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Thursday, December 21st.

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Western Asset Managed Municipals Fund 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).

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

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