Baird Financial Group Inc. Sells 7,079 Shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Baird Financial Group Inc. trimmed its position in Western Asset Municipal High Income Fund Inc. (NYSE:MHFGet Rating) by 4.2% during the second quarter, Holdings Channel reports. The firm owned 162,167 shares of the financial services provider’s stock after selling 7,079 shares during the quarter. Baird Financial Group Inc.’s holdings in Western Asset Municipal High Income Fund were worth $1,065,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Prospera Financial Services Inc lifted its holdings in Western Asset Municipal High Income Fund by 5.9% during the 1st quarter. Prospera Financial Services Inc now owns 81,820 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 4,551 shares during the last quarter. Tortoise Investment Management LLC bought a new position in shares of Western Asset Municipal High Income Fund in the first quarter valued at about $698,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Western Asset Municipal High Income Fund by 123.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 35,556 shares of the financial services provider’s stock worth $251,000 after buying an additional 19,655 shares during the last quarter. Karpus Management Inc. bought a new stake in shares of Western Asset Municipal High Income Fund during the 1st quarter worth about $1,066,000. Finally, Raymond James & Associates grew its stake in Western Asset Municipal High Income Fund by 14.1% in the 1st quarter. Raymond James & Associates now owns 556,526 shares of the financial services provider’s stock valued at $3,918,000 after buying an additional 68,915 shares during the last quarter. 17.58% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Municipal High Income Fund Stock Performance

Shares of NYSE:MHF opened at $6.51 on Friday. Western Asset Municipal High Income Fund Inc. has a 12-month low of $6.10 and a 12-month high of $8.47. The business has a 50 day moving average of $6.33 and a 200-day moving average of $6.58.

Western Asset Municipal High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st will be paid a $0.0198 dividend. The ex-dividend date is Friday, February 17th. This represents a $0.24 annualized dividend and a yield of 3.65%.

Western Asset Municipal High Income Fund Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Western Asset Municipal High Income Fund (NYSE:MHF)

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