Hennion & Walsh Asset Management Inc. Acquires 185,385 Shares of Western Asset Intermediate Muni Fund Inc. $SBI

Hennion & Walsh Asset Management Inc. boosted its holdings in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 204.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,915 shares of the company’s stock after purchasing an additional 185,385 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Western Asset Intermediate Muni Fund were worth $2,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SBI. Royal Bank of Canada lifted its holdings in shares of Western Asset Intermediate Muni Fund by 13.5% during the first quarter. Royal Bank of Canada now owns 30,278 shares of the company’s stock valued at $236,000 after purchasing an additional 3,600 shares during the last quarter. Invesco Ltd. increased its position in Western Asset Intermediate Muni Fund by 55.5% during the 2nd quarter. Invesco Ltd. now owns 205,096 shares of the company’s stock valued at $1,542,000 after buying an additional 73,181 shares in the last quarter. Raymond James Financial Inc. increased its position in Western Asset Intermediate Muni Fund by 6.6% during the 2nd quarter. Raymond James Financial Inc. now owns 189,929 shares of the company’s stock valued at $1,428,000 after buying an additional 11,720 shares in the last quarter. IHT Wealth Management LLC raised its stake in Western Asset Intermediate Muni Fund by 25.4% during the second quarter. IHT Wealth Management LLC now owns 20,328 shares of the company’s stock valued at $153,000 after buying an additional 4,113 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in Western Asset Intermediate Muni Fund during the second quarter valued at $96,000.

Western Asset Intermediate Muni Fund Price Performance

Western Asset Intermediate Muni Fund stock opened at $7.64 on Wednesday. Western Asset Intermediate Muni Fund Inc. has a 12 month low of $7.51 and a 12 month high of $8.01. The business’s fifty day simple moving average is $7.77 and its two-hundred day simple moving average is $7.80.

Western Asset Intermediate Muni Fund Dividend Announcement

The company 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 $0.042 dividend. The ex-dividend date is Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

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.