Paragon Capital Management Ltd Purchases Shares of 65,885 Western Asset Managed Municipals Fund, Inc. (MMU)

Paragon Capital Management Ltd purchased a new position in shares of Western Asset Managed Municipals Fund, Inc. (NYSE:MMU) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 65,885 shares of the financial services provider’s stock, valued at approximately $922,000. Paragon Capital Management Ltd owned about 0.15% of Western Asset Managed Municipals Fund at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Western Asset Managed Municipals Fund during the 2nd quarter worth about $136,000. Bank of New York Mellon Corp lifted its holdings in shares of 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 valued at $169,000 after purchasing an additional 75 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of 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 valued at $265,000 after purchasing an additional 5,920 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Western Asset Managed Municipals Fund by 19.1% in the 2nd quarter. IFP Advisors Inc now owns 20,714 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 3,319 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Western Asset Managed Municipals Fund by 5.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 75,165 shares of the financial services provider’s stock valued at $1,037,000 after purchasing an additional 3,645 shares during the last quarter. 12.50% of the stock is owned by institutional investors.

Western Asset Managed Municipals Fund, Inc. (MMU) traded up 0.36% during mid-day trading on Monday, hitting $13.99. The stock had a trading volume of 16,747 shares. The company has a 50-day moving average of $14.17 and a 200-day moving average of $14.01. Western Asset Managed Municipals Fund, Inc. has a 12-month low of $13.03 and a 12-month high of $14.51.

The business also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 24th will be given a dividend of $0.063 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.76 annualized dividend and a dividend yield of 5.42%.

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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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