Western Asset Managed Municipals FundMMU
Market Cap: $595M
About: Western Asset Managed Municipals Fd Inc is a non-diversified, closed-end management investment company. Its investment objective is to maximize current income exempted from federal income tax as is consistent with the preservation of principal. It predominantly invests in long-term investment grade municipal debt securities issued by state and local governments, political subdivisions, agencies, and public authorities (municipal obligations). Under normal market conditions, a majority of its total assets are invested in municipal obligations rated investment grade at the time of investment.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
26% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 34
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
3% less funds holding
Funds holding: 119 [Q1] → 116 (-3) [Q2]
7.15% less ownership
Funds ownership: 50.74% [Q1] → 43.58% (-7.15%) [Q2]
15% less capital invested
Capital invested by funds: $290M [Q1] → $247M (-$43M) [Q2]
21% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 14
Research analyst outlook
We haven’t received any recent analyst ratings for MMU.