Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,490 shares of the company’s stock after selling 2,000 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Western Asset Intermediate Muni Fund were worth $1,505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Western Asset Intermediate Muni Fund in the fourth quarter valued at approximately $1,313,000. Noble Wealth Management PBC acquired a new stake in Western Asset Intermediate Muni Fund in the fourth quarter valued at $548,000. Independent Advisor Alliance purchased a new stake in shares of Western Asset Intermediate Muni Fund during the 4th quarter worth $389,000. Rivernorth Capital Management LLC grew its stake in shares of Western Asset Intermediate Muni Fund by 2.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock worth $13,734,000 after purchasing an additional 45,940 shares during the period. Finally, LexAurum Advisors LLC purchased a new position in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at about $271,000.

Western Asset Intermediate Muni Fund Trading Up 0.1 %

Shares of NYSE SBI opened at $7.77 on Friday. The firm has a 50-day moving average price of $7.83 and a 200 day moving average price of $7.97. Western Asset Intermediate Muni Fund Inc. has a 52 week low of $7.60 and a 52 week high of $8.29.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.042 per share. This represents a dividend yield of 6.44%. The ex-dividend date is Monday, March 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.