Raymond James Financial Services Advisors Inc. Buys 4,228 Shares of Western Asset Municipal Defined Opportunity Trust Inc. (MTT)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of Western Asset Municipal Defined Opportunity Trust Inc. (NYSE:MTT) by 11.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,347 shares of the company’s stock after acquiring an additional 4,228 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Western Asset Municipal Defined Opportunity Trust were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MTT. IHT Wealth Management LLC acquired a new stake in shares of Western Asset Municipal Defined Opportunity Trust in the 2nd quarter valued at approximately $385,000. Ameriprise Financial Inc. lifted its holdings in shares of Western Asset Municipal Defined Opportunity Trust by 15.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,384 shares of the company’s stock valued at $230,000 after buying an additional 1,395 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Western Asset Municipal Defined Opportunity Trust by 17.5% in the 2nd quarter. Van ECK Associates Corp now owns 17,437 shares of the company’s stock valued at $386,000 after buying an additional 2,599 shares during the period.

Western Asset Municipal Defined Opportunity Trust Inc. (NYSE:MTT) traded up $0.17 on Friday, hitting $21.54. The stock had a trading volume of 21,788 shares, compared to its average volume of 21,159. Western Asset Municipal Defined Opportunity Trust Inc. has a 1-year low of $21.29 and a 1-year high of $23.90.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 19th will be issued a $0.084 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $1.01 annualized dividend and a dividend yield of 4.68%.

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About Western Asset Municipal Defined Opportunity Trust

Western Asset Municipal Defined Opportunity Trust Inc (the Fund) is a non-diversified, closed-end management investment company. 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.

Institutional Ownership by Quarter for Western Asset Municipal Defined Opportunity Trust (NYSE:MTT)

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