Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Stock Position Raised by Whitebox Advisors LLC

Whitebox Advisors LLC lifted its stake in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 292.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,444 shares of the company’s stock after purchasing an additional 126,303 shares during the period. Whitebox Advisors LLC’s holdings in Western Asset Intermediate Muni Fund were worth $1,332,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Blue Bell Private Wealth Management LLC raised its holdings in Western Asset Intermediate Muni Fund by 960.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 22,204 shares of the company’s stock worth $175,000 after buying an additional 20,111 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Western Asset Intermediate Muni Fund in the second quarter worth approximately $248,000. Sar Wealth Management Group LLC acquired a new stake in shares of Western Asset Intermediate Muni Fund during the fourth quarter valued at approximately $267,000. Bulldog Investors LLP lifted its position in shares of Western Asset Intermediate Muni Fund by 8.4% in the 4th quarter. Bulldog Investors LLP now owns 52,697 shares of the company’s stock valued at $391,000 after acquiring an additional 4,065 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new position in Western Asset Intermediate Muni Fund in the 1st quarter worth approximately $626,000.

Western Asset Intermediate Muni Fund Stock Performance

NYSE SBI opened at $8.17 on Wednesday. The firm’s 50 day moving average price is $8.06 and its two-hundred day moving average price is $7.90. Western Asset Intermediate Muni Fund Inc. has a twelve month low of $6.96 and a twelve month high of $8.29.

Western Asset Intermediate Muni Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be issued a dividend of $0.042 per share. The ex-dividend date is Thursday, October 24th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.17%.

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.