Raymond James Financial Inc. Acquires New Shares in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Raymond James Financial Inc. bought a new position in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 169,666 shares of the company’s stock, valued at approximately $1,313,000.

Several other large investors have also recently made changes to their positions in SBI. Noble Wealth Management PBC acquired a new stake in Western Asset Intermediate Muni Fund in the fourth quarter valued at approximately $548,000. Rivernorth Capital Management LLC lifted its holdings 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 valued at $13,734,000 after purchasing an additional 45,940 shares during the last quarter. LexAurum Advisors LLC acquired a new stake in shares of Western Asset Intermediate Muni Fund in the 4th quarter worth $271,000. HighTower Advisors LLC grew its stake in Western Asset Intermediate Muni Fund by 22.8% during the 3rd quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock worth $101,000 after buying an additional 2,295 shares during the last quarter. Finally, Whitebox Advisors LLC grew its stake in Western Asset Intermediate Muni Fund by 1.2% during the 3rd quarter. Whitebox Advisors LLC now owns 171,438 shares of the company’s stock worth $1,406,000 after buying an additional 1,994 shares during the last quarter.

Western Asset Intermediate Muni Fund Stock Performance

Shares of SBI stock opened at $7.83 on Thursday. Western Asset Intermediate Muni Fund Inc. has a 1 year low of $7.60 and a 1 year high of $8.29. The business has a fifty day moving average of $7.83 and a 200 day moving average of $7.96.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.042 per share. This represents a yield of 6.44%. The ex-dividend date of this dividend was Monday, March 24th.

Western Asset Intermediate Muni Fund 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.