Bank of New York Mellon Corp Makes New $818,000 Investment in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Bank of New York Mellon Corp bought a new stake in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 104,052 shares of the company’s stock, valued at approximately $818,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sar Wealth Management Group LLC bought a new position in Western Asset Intermediate Muni Fund during the 4th quarter valued at about $267,000. Bulldog Investors LLP raised its position in shares of Western Asset Intermediate Muni Fund by 8.4% during the fourth quarter. Bulldog Investors LLP now owns 52,697 shares of the company’s stock worth $391,000 after acquiring an additional 4,065 shares during the last quarter. Whitebox Advisors LLC acquired a new position in shares of Western Asset Intermediate Muni Fund during the first quarter valued at $342,000. Finally, Alpine Global Management LLC bought a new position in Western Asset Intermediate Muni Fund in the first quarter valued at about $626,000.

Western Asset Intermediate Muni Fund Price Performance

Shares of NYSE:SBI opened at $8.22 on Monday. Western Asset Intermediate Muni Fund Inc. has a 1-year low of $6.96 and a 1-year high of $8.29. The business has a 50-day moving average price of $8.05 and a two-hundred day moving average price of $7.90.

Western Asset Intermediate Muni Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be given a $0.042 dividend. The ex-dividend date is Monday, September 23rd. This represents a $0.50 annualized dividend and a dividend yield of 6.13%.

About Western Asset Intermediate Muni Fund

Western Asset Intermediate Muni Fund Inc is a closed 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 the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax.