Western Asset Intermediate Muni Fund (NYSE:SBI) Stock Price Passes Below Fifty Day Moving Average of $8.10

Western Asset Intermediate Muni Fund Inc. (NYSE:SBIGet Rating)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.10 and traded as low as $7.62. Western Asset Intermediate Muni Fund shares last traded at $7.63, with a volume of 15,049 shares.

Western Asset Intermediate Muni Fund Trading Down 0.2 %

The firm’s 50-day moving average price is $8.10 and its 200 day moving average price is $8.18.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 22nd will be given a $0.0235 dividend. The ex-dividend date is Monday, November 21st. This represents a $0.28 dividend on an annualized basis and a yield of 3.70%.

Hedge Funds Weigh In On Western Asset Intermediate Muni Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors bought a new position in Western Asset Intermediate Muni Fund in the 2nd quarter valued at about $39,000. Mariner Investment Group LLC bought a new position in Western Asset Intermediate Muni Fund in the 2nd quarter valued at about $336,000. LPL Financial LLC grew its position in Western Asset Intermediate Muni Fund by 9.4% in the 2nd quarter. LPL Financial LLC now owns 187,037 shares of the company’s stock valued at $1,508,000 after buying an additional 16,005 shares in the last quarter. Fiera Capital Corp grew its position in Western Asset Intermediate Muni Fund by 4.9% in the 2nd quarter. Fiera Capital Corp now owns 154,218 shares of the company’s stock valued at $1,243,000 after buying an additional 7,217 shares in the last quarter. Finally, Rock Point Advisors LLC grew its position in Western Asset Intermediate Muni Fund by 16.0% in the 2nd quarter. Rock Point Advisors LLC now owns 52,500 shares of the company’s stock valued at $423,000 after buying an additional 7,250 shares in the last quarter.

About Western Asset Intermediate Muni Fund

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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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