1607 Capital Partners LLC Sells 82,096 Shares of Western Asset Intermediate Muni Fund Inc. $SBI

1607 Capital Partners LLC decreased its position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 15.8% during the 4th quarter, HoldingsChannel reports. The fund owned 437,801 shares of the company’s stock after selling 82,096 shares during the quarter. 1607 Capital Partners LLC’s holdings in Western Asset Intermediate Muni Fund were worth $3,362,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC bought a new stake in shares of Western Asset Intermediate Muni Fund during the 3rd quarter worth approximately $91,000. Captrust Financial Advisors bought a new stake in shares of Western Asset Intermediate Muni Fund during the 2nd quarter worth approximately $96,000. Closed End Fund Advisors Inc. bought a new stake in shares of Western Asset Intermediate Muni Fund during the 4th quarter worth approximately $134,000. Janney Montgomery Scott LLC raised its stake in shares of Western Asset Intermediate Muni Fund by 12.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 19,850 shares of the company’s stock worth $152,000 after purchasing an additional 2,200 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Western Asset Intermediate Muni Fund by 25.4% during the 2nd quarter. IHT Wealth Management LLC now owns 20,328 shares of the company’s stock worth $153,000 after purchasing an additional 4,113 shares in the last quarter.

Western Asset Intermediate Muni Fund Trading Up 0.3%

Shares of Western Asset Intermediate Muni Fund stock opened at $7.83 on Thursday. Western Asset Intermediate Muni Fund Inc. has a 12-month low of $7.40 and a 12-month high of $8.01. The business’s 50 day moving average is $7.77 and its 200-day moving average is $7.80.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.042 per share. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

Western Asset Intermediate Muni Fund Profile

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.