HighTower Advisors LLC Grows Stake in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

HighTower Advisors LLC lifted its holdings in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 22.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,375 shares of the company’s stock after purchasing an additional 2,295 shares during the quarter. HighTower Advisors LLC’s holdings in Western Asset Intermediate Muni Fund were worth $101,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Pathstone Holdings LLC raised its stake in Western Asset Intermediate Muni Fund by 23.6% in the third quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock valued at $2,216,000 after buying an additional 51,543 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Western Asset Intermediate Muni Fund by 66.1% during the third quarter. Wolverine Asset Management LLC now owns 52,493 shares of the company’s stock valued at $430,000 after acquiring an additional 20,884 shares in the last quarter. Carson Advisory Inc. purchased a new position in shares of Western Asset Intermediate Muni Fund in the 3rd quarter valued at approximately $733,000. Stephens Inc. AR acquired a new stake in Western Asset Intermediate Muni Fund in the 3rd quarter worth approximately $203,000. Finally, Whitebox Advisors LLC boosted its stake in Western Asset Intermediate Muni Fund by 292.8% in the 2nd quarter. Whitebox Advisors LLC now owns 169,444 shares of the company’s stock worth $1,332,000 after purchasing an additional 126,303 shares in the last quarter.

Western Asset Intermediate Muni Fund Stock Performance

Shares of Western Asset Intermediate Muni Fund stock opened at $7.71 on Friday. The firm’s 50 day simple moving average is $8.04 and its two-hundred day simple moving average is $8.03. Western Asset Intermediate Muni Fund Inc. has a 12-month low of $7.60 and a 12-month high of $8.29.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Friday, January 24th.

Western Asset Intermediate Muni Fund Company Profile

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.