HighTower Advisors LLC Purchases 1,901 Shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

HighTower Advisors LLC boosted its position in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,811 shares of the financial services provider’s stock after acquiring an additional 1,901 shares during the period. HighTower Advisors LLC’s holdings in Western Asset Municipal High Income Fund were worth $856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its stake in Western Asset Municipal High Income Fund by 9.4% in the third quarter. Rockefeller Capital Management L.P. now owns 128,500 shares of the financial services provider’s stock valued at $929,000 after acquiring an additional 11,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Western Asset Municipal High Income Fund by 9.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 475,225 shares of the financial services provider’s stock valued at $3,232,000 after purchasing an additional 42,433 shares during the period. Van ECK Associates Corp boosted its position in shares of Western Asset Municipal High Income Fund by 4.2% in the 4th quarter. Van ECK Associates Corp now owns 111,950 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 4,543 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Western Asset Municipal High Income Fund by 14.4% in the 4th quarter. Jones Financial Companies Lllp now owns 62,321 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 7,843 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Western Asset Municipal High Income Fund during the fourth quarter worth $6,569,000.

Western Asset Municipal High Income Fund Price Performance

NYSE:MHF opened at $7.48 on Friday. Western Asset Municipal High Income Fund Inc. has a 1-year low of $6.51 and a 1-year high of $7.83. The business’s 50-day moving average price is $7.35 and its two-hundred day moving average price is $7.19.

Western Asset Municipal High Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.034 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a dividend yield of 5.34%.

Western Asset Municipal High Income Fund Company Profile

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.