Western Asset Intermediate Muni Fund (NYSE:SBI) Shares Down 0.7%

Western Asset Intermediate Muni Fund Inc (NYSE:SBI)’s stock price dropped 0.7% during mid-day trading on Wednesday . The company traded as low as $9.17 and last traded at $9.17, approximately 14,053 shares were traded during mid-day trading. A decline of 43% from the average daily volume of 24,593 shares. The stock had previously closed at $9.23.

The business has a 50 day simple moving average of $9.19 and a 200-day simple moving average of $9.10.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be paid a dividend of $0.023 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, December 19th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Western Asset Intermediate Muni Fund by 5.4% during the 2nd quarter. Morgan Stanley now owns 510,647 shares of the company’s stock worth $4,565,000 after acquiring an additional 26,355 shares during the period. Whittier Trust Co. boosted its holdings in Western Asset Intermediate Muni Fund by 3.8% in the third quarter. Whittier Trust Co. now owns 186,629 shares of the company’s stock valued at $1,713,000 after acquiring an additional 6,800 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Western Asset Intermediate Muni Fund by 731.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 95,769 shares of the company’s stock valued at $879,000 after acquiring an additional 84,244 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Western Asset Intermediate Muni Fund by 72.6% in the third quarter. Envestnet Asset Management Inc. now owns 56,086 shares of the company’s stock valued at $515,000 after acquiring an additional 23,590 shares during the last quarter. Finally, Matisse Capital purchased a new stake in Western Asset Intermediate Muni Fund during the third quarter valued at about $137,000.

About Western Asset Intermediate Muni Fund (NYSE:SBI)

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.

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