Newest Filing: Citigroup Inc Just Opened Huge Western Asset Managed Municipals Fund Inc Position

Newest Filing: Citigroup Inc Just Opened Huge Western Asset Managed Municipals Fund Inc Position

The New Citigroup Inc Holding in Western Asset Managed Municipals Fund Inc

Citigroup Inc filed with the SEC SC 13G form for Western Asset Managed Municipals Fund Inc. The form can be accessed here: 000114036116082467. As reported in Citigroup Inc’s form, the filler as of late owns 56.1% or 4,880 shares of the Finance–company.

Western Asset Managed Municipals Fund Inc stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Citigroup Inc’s positive view for the stock.

Western Asset Managed Municipals Fund Inc Institutional Sentiment

Latest Security and Exchange filings show 50 investors own Western Asset Managed Municipals Fund Inc. The institutional ownership in Q3 2015 is high, at 10.16% of the outstanding shares. This is increased by 224239 the total institutional shares. 4366493 were the shares owned by these institutional investors. In total 9 funds opened new Western Asset Managed Municipals Fund Inc stakes, 15 increased stakes. There were 2 that closed positions and 14 reduced them.

Capital Advisors Ltd Llc is an institutional investor bullish on Western Asset Managed Municipals Fund Inc, owning 10753 shares as of Q3 2015 for 0.08% of its portfolio. Walter & Keenan Financial Consulting Company owns 35400 shares or 0.30% of its portfolio. MD Macroview Investment Management Llc have 1.91% of their stock portfolio for 75576 shares. Further, Paragon Capital Management Ltd reported stake worth 0.40% of its US stock portfolio. The CA Hollencrest Securities Llc owns 28060 shares. Western Asset Managed Municipals Fund Inc is 0.07% of the manager’s US portfolio.

Business 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). Normally, the Fund will invest approximately 80% of its total assets in municipal obligations rated investment grade at the time of investment. Normally, the Fund invests primarily in investment grade municipal bonds, but it can also invest up to 20% of its total assets in municipal bonds rated below investment grade. Legg Mason Partners Fund Advisor, LLC (LMPFA) is the Fund’s investment manager and Western Asset Management Company (Western Asset) is its sub advisor, both of which are subsidiaries of Legg Mason, Inc.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.33, from 1.18 in 2016Q1. The ratio worsened, as 7 funds sold all Western Asset Managed Municipals Fnd Inc shares owned while 13 reduced positions. 4 funds bought stakes while 13 increased positions. They now own 4.89 million shares or 0.44% more from 4.87 million shares in 2016Q1.

Deutsche Savings Bank Ag accumulated 0% or 6,642 shares. Private Advisor Group Limited Liability Corp has invested 0.01% of its portfolio in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). Pnc Financial Svcs Grp has invested 0% of its portfolio in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). Brown Brothers Harriman & Com reported 8,000 shares or 0% of all its holdings. The New York-based Citigroup has invested 0% in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). Robinson Cap Management Ltd Llc last reported 154,230 shares in the company. The California-based Hollencrest Securities Limited Com has invested 0.06% in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). The Georgia-based Capital Inv Advsr Limited Co has invested 0.11% in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). Washington National Bank has 3,606 shares for 0.01% of their US portfolio. Moreover, Chevy Chase Trust Hldgs has 0% invested in Western Asset Managed Municipals Fnd Inc (NYSE:MMU) for 38,715 shares. Moreover, Oppenheimer & has 0.01% invested in Western Asset Managed Municipals Fnd Inc (NYSE:MMU) for 20,372 shares. Savings Bank Of America De, a North Carolina-based fund reported 154,033 shares. Macroview Inv Management Limited Co has invested 1.83% of its portfolio in Western Asset Managed Municipals Fnd Inc (NYSE:MMU). Da Davidson And Co accumulated 0% or 1,202 shares. Walter & Keenan Consulting Mi Adv holds 35,400 shares or 0.3% of its portfolio.

About 82,880 shares traded hands or 11.59% up from the average. Western Asset Managed Municipals Fnd Inc (NYSE:MMU) has declined 0.88% since March 8, 2016 and is downtrending. It has underperformed by 10.20% the S&P500.

Western Asset Managed Municipals Fund Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $626.77 million. The Fund seeks to maximize current income exempt from federal income tax as is consistent with preservation of principal. It currently has negative earnings. 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 .

More notable recent Western Asset Managed Municipals Fnd Inc (NYSE:MMU) news were published by: Finance.Yahoo.com which released: “Western Asset Managed Municipals Fund Inc. Announces Results of Annual Meeting …” on October 03, 2016, also Nasdaq.com with their article: “Western Asset Managed Municipals Fund, Inc. (MMU) Ex-Dividend Date Scheduled …” published on September 20, 2016, Businesswire.com published: “Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor Adopt …” on November 16, 2015. More interesting news about Western Asset Managed Municipals Fnd Inc (NYSE:MMU) were released by: Zacks.com and their article: “Should You Invest in Western Asset Managed Municipals A Fund (SHMMX)?” published on June 05, 2015 as well as Businesswire.com‘s news article titled: “Certain Closed-End Funds Advised by Legg Mason Partners Fund Advisor, LLC …” with publication date: July 22, 2015.

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