Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Rating) by 8.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 86,299 shares of the financial services provider’s stock after acquiring an additional 6,690 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Western Asset Municipal High Income Fund were worth $535,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Karpus Management Inc. boosted its holdings in shares of Western Asset Municipal High Income Fund by 231.6% in the second quarter. Karpus Management Inc. now owns 502,214 shares of the financial services provider’s stock valued at $3,300,000 after acquiring an additional 350,767 shares in the last quarter. Tortoise Investment Management LLC lifted its position in Western Asset Municipal High Income Fund by 81.5% in the second quarter. Tortoise Investment Management LLC now owns 179,840 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 80,739 shares during the period. Raymond James & Associates boosted its stake in Western Asset Municipal High Income Fund by 14.1% during the 1st quarter. Raymond James & Associates now owns 556,526 shares of the financial services provider’s stock valued at $3,918,000 after purchasing an additional 68,915 shares in the last quarter. Lloyd Park LLC acquired a new position in shares of Western Asset Municipal High Income Fund during the 2nd quarter valued at $268,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Western Asset Municipal High Income Fund in the 2nd quarter worth $134,000. Institutional investors and hedge funds own 18.51% of the company’s stock.

Western Asset Municipal High Income Fund Stock Performance

Shares of Western Asset Municipal High Income Fund stock opened at $6.68 on Monday. The business has a fifty day simple moving average of $6.53 and a 200-day simple moving average of $6.53. Western Asset Municipal High Income Fund Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $7.64.

Western Asset Municipal High Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 22nd were given a dividend of $0.0198 per share. The ex-dividend date of this dividend was Wednesday, December 21st. This represents a dividend yield of 3.66%.

About Western Asset Municipal High Income Fund

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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.