Raymond James Financial Inc. Makes New Investment in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Raymond James Financial Inc. bought a new stake in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 169,666 shares of the company’s stock, valued at approximately $1,313,000.

A number of other institutional investors have also recently made changes to their positions in SBI. HighTower Advisors LLC grew its holdings in shares of Western Asset Intermediate Muni Fund by 22.8% during the third quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock worth $101,000 after buying an additional 2,295 shares in the last quarter. LexAurum Advisors LLC purchased a new position in shares of Western Asset Intermediate Muni Fund during the 4th quarter worth $271,000. Noble Wealth Management PBC acquired a new position in shares of Western Asset Intermediate Muni Fund during the 4th quarter valued at about $548,000. Whitebox Advisors LLC grew its holdings in shares of Western Asset Intermediate Muni Fund by 1.2% in the third quarter. Whitebox Advisors LLC now owns 171,438 shares of the company’s stock valued at $1,406,000 after purchasing an additional 1,994 shares during the period. Finally, Rivernorth Capital Management LLC lifted its holdings in Western Asset Intermediate Muni Fund by 2.8% in the third quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock valued at $13,734,000 after acquiring an additional 45,940 shares during the last quarter.

Western Asset Intermediate Muni Fund Price Performance

SBI stock opened at $7.83 on Thursday. Western Asset Intermediate Muni Fund Inc. has a 52-week low of $7.60 and a 52-week high of $8.29. The business has a fifty day moving average of $7.83 and a two-hundred day moving average of $7.96.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.042 per share. This represents a dividend yield of 6.44%. The ex-dividend date was Monday, March 24th.

About Western Asset Intermediate Muni Fund

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.