Hennion & Walsh Asset Management Inc. Sells 127,422 Shares of Western Asset Municipal High Income Fund Inc. $MHF

Hennion & Walsh Asset Management Inc. reduced its stake in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) by 41.4% during the second quarter, Holdings Channel.com reports. The fund owned 180,539 shares of the financial services provider’s stock after selling 127,422 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset Municipal High Income Fund were worth $1,264,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC lifted its position in shares of Western Asset Municipal High Income Fund by 24.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,726 shares of the financial services provider’s stock valued at $122,000 after buying an additional 3,452 shares in the last quarter. LPL Financial LLC increased its holdings in Western Asset Municipal High Income Fund by 17.0% in the 4th quarter. LPL Financial LLC now owns 389,642 shares of the financial services provider’s stock worth $2,681,000 after acquiring an additional 56,526 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Western Asset Municipal High Income Fund in the 4th quarter worth $261,000. Ashton Thomas Private Wealth LLC raised its position in Western Asset Municipal High Income Fund by 16.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 40,097 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 5,680 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Western Asset Municipal High Income Fund during the fourth quarter worth $73,000.

Western Asset Municipal High Income Fund Stock Down 0.9%

MHF opened at $6.89 on Thursday. The firm’s fifty day simple moving average is $6.93 and its two-hundred day simple moving average is $6.92. Western Asset Municipal High Income Fund Inc. has a 52-week low of $6.63 and a 52-week high of $7.64.

Western Asset Municipal High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a $0.034 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

About Western Asset Municipal High Income Fund

Western Asset Municipal High Income Fund Inc is a closed-end management investment company that seeks to provide high current income exempt from federal income taxes. The fund primarily invests in U.S. municipal securities, with an emphasis on high-yield bonds issued by state and local governments, authorities and agencies. Its portfolio may include general obligation bonds, revenue bonds, pre-refunded bonds, insured securities and variable-rate instruments, with the goal of delivering attractive tax-advantaged yields for shareholders.

The fund is managed by Western Asset Management Company, LP, a global fixed-income specialist and subsidiary of Franklin Resources, Inc Western Asset’s investment team employs a disciplined, research-driven approach, combining top-down macroeconomic analysis with bottom-up credit research to identify opportunities across the municipal bond market.