Raymond James Financial Services Advisors Inc. Lowers Stock Holdings in Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Raymond James Financial Services Advisors Inc. reduced its position in Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Rating) by 9.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 297,918 shares of the financial services provider’s stock after selling 29,406 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Western Asset Municipal High Income Fund were worth $1,901,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Raymond James & Associates lifted 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 worth $3,918,000 after purchasing an additional 68,915 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of Western Asset Municipal High Income Fund by 17.3% in the fourth quarter. Tortoise Investment Management LLC now owns 287,000 shares of the financial services provider’s stock worth $1,831,000 after buying an additional 42,308 shares in the last quarter. 1607 Capital Partners LLC boosted its stake in Western Asset Municipal High Income Fund by 70.4% during the third quarter. 1607 Capital Partners LLC now owns 260,553 shares of the financial services provider’s stock valued at $1,615,000 after buying an additional 107,670 shares during the period. Baird Financial Group Inc. grew its position in Western Asset Municipal High Income Fund by 6.6% during the first quarter. Baird Financial Group Inc. now owns 169,246 shares of the financial services provider’s stock worth $1,191,000 after buying an additional 10,541 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Western Asset Municipal High Income Fund by 2.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 88,675 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 2,376 shares during the last quarter. Hedge funds and other institutional investors own 18.51% of the company’s stock.

Western Asset Municipal High Income Fund Stock Performance

Shares of MHF opened at $6.28 on Thursday. Western Asset Municipal High Income Fund Inc. has a 12-month low of $6.10 and a 12-month high of $6.99. The stock has a 50-day moving average price of $6.49 and a 200-day moving average price of $6.52.

Western Asset Municipal High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 24th will be paid a $0.0198 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 3.78%.

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.