Stephens Inc. AR Makes New Investment in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Stephens Inc. AR bought a new position in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 24,750 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors have also recently bought and sold shares of SBI. Whitebox Advisors LLC increased its stake in shares of Western Asset Intermediate Muni Fund by 292.8% in the second quarter. Whitebox Advisors LLC now owns 169,444 shares of the company’s stock valued at $1,332,000 after buying an additional 126,303 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Western Asset Intermediate Muni Fund in the second quarter valued at approximately $818,000. Alpine Global Management LLC acquired a new position in shares of Western Asset Intermediate Muni Fund in the first quarter valued at approximately $626,000. Wolverine Asset Management LLC acquired a new position in shares of Western Asset Intermediate Muni Fund in the second quarter valued at approximately $248,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of Western Asset Intermediate Muni Fund by 960.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 22,204 shares of the company’s stock valued at $175,000 after buying an additional 20,111 shares during the period.

Western Asset Intermediate Muni Fund Price Performance

NYSE:SBI opened at $8.10 on Friday. The company has a 50 day simple moving average of $8.15 and a two-hundred day simple moving average of $7.96. Western Asset Intermediate Muni Fund Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $8.29.

Western Asset Intermediate Muni Fund Profile

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.