HighTower Advisors LLC Raises Stock Holdings in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

HighTower Advisors LLC grew its holdings in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 22.8% in the third quarter, Holdings Channel reports. The institutional investor owned 12,375 shares of the company’s stock after acquiring an additional 2,295 shares during the quarter. HighTower Advisors LLC’s holdings in Western Asset Intermediate Muni Fund were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SBI. Blue Bell Private Wealth Management LLC lifted its holdings in Western Asset Intermediate Muni Fund by 960.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 22,204 shares of the company’s stock valued at $175,000 after purchasing an additional 20,111 shares in the last quarter. Stephens Inc. AR acquired a new position in Western Asset Intermediate Muni Fund in the 3rd quarter valued at $203,000. Wolverine Asset Management LLC acquired a new stake in shares of Western Asset Intermediate Muni Fund in the second quarter valued at about $248,000. Carson Advisory Inc. acquired a new stake in Western Asset Intermediate Muni Fund in the 3rd quarter valued at about $733,000. Finally, Bank of New York Mellon Corp purchased a new position in Western Asset Intermediate Muni Fund during the second quarter worth approximately $818,000.

Western Asset Intermediate Muni Fund Price Performance

Shares of SBI stock opened at $7.71 on Friday. The company’s 50-day moving average price is $8.04 and its 200-day moving average price is $8.03. Western Asset Intermediate Muni Fund Inc. has a twelve month low of $7.60 and a twelve month high of $8.29.

Western Asset Intermediate Muni Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date is Friday, January 24th.

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.