Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Shares Sold by Tortoise Investment Management LLC

Tortoise Investment Management LLC lessened its position in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBIFree Report) by 27.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,172 shares of the company’s stock after selling 49,333 shares during the period. Tortoise Investment Management LLC’s holdings in Western Asset Intermediate Muni Fund were worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saba Capital Management L.P. boosted its holdings in shares of Western Asset Intermediate Muni Fund by 20.2% in the 3rd quarter. Saba Capital Management L.P. now owns 1,050,901 shares of the company’s stock valued at $7,524,000 after buying an additional 176,524 shares in the last quarter. Sar Wealth Management Group LLC acquired a new position in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at $267,000. AQR Arbitrage LLC boosted its holdings in shares of Western Asset Intermediate Muni Fund by 55.7% in the 3rd quarter. AQR Arbitrage LLC now owns 93,622 shares of the company’s stock valued at $670,000 after buying an additional 33,473 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Western Asset Intermediate Muni Fund by 111.4% in the 4th quarter. Raymond James & Associates now owns 36,373 shares of the company’s stock valued at $280,000 after buying an additional 19,165 shares in the last quarter. Finally, StrategIQ Financial Group LLC boosted its holdings in shares of Western Asset Intermediate Muni Fund by 5.7% in the 4th quarter. StrategIQ Financial Group LLC now owns 84,900 shares of the company’s stock valued at $654,000 after buying an additional 4,572 shares in the last quarter.

Western Asset Intermediate Muni Fund Stock Performance

Shares of Western Asset Intermediate Muni Fund stock remained flat at $7.84 during trading hours on Friday. 39,825 shares of the stock traded hands, compared to its average volume of 49,437. The company’s fifty day moving average price is $7.76 and its 200-day moving average price is $7.79. Western Asset Intermediate Muni Fund Inc. has a fifty-two week low of $6.96 and a fifty-two week high of $8.00.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 21st will be given a $0.042 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.50 annualized dividend and a yield of 6.43%.

Western Asset Intermediate Muni Fund Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Western Asset Intermediate Muni Fund (NYSE:SBI)

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