Van ECK Associates Corp raised its stake in shares of Western Asset Municipal D Opp Trust Inc. (NYSE:MTT) by 16.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,305 shares of the company’s stock after buying an additional 3,054 shares during the period. Van ECK Associates Corp’s holdings in Western Asset Municipal D Opp Trust were worth $451,000 as of its most recent SEC filing.

Separately, Commonwealth Equity Services LLC grew its position in shares of Western Asset Municipal D Opp Trust by 9.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 36,194 shares of the company’s stock valued at $786,000 after acquiring an additional 3,068 shares during the period.

Shares of MTT stock opened at $20.82 on Wednesday. Western Asset Municipal D Opp Trust Inc. has a 1 year low of $20.45 and a 1 year high of $23.14.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 21st will be given a dividend of $0.079 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, September 20th.

Western Asset Municipal D Opp Trust Company Profile

Western Asset Municipal Defined Opportunity Trust Inc is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in fixed income markets of the United States. The fund makes its investments in the securities of companies operating across diversified sectors.

Further Reading: Investing in Growth Stocks

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Institutional Ownership by Quarter for Western Asset Municipal D Opp Trust (NYSE:MTT)

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