Whittier Trust Co. Reduces Stock Position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Whittier Trust Co. decreased its holdings in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 22.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,684 shares of the company’s stock after selling 16,140 shares during the period. Whittier Trust Co.’s holdings in Western Asset Intermediate Muni Fund were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Bell Private Wealth Management LLC grew its holdings in shares of Western Asset Intermediate Muni Fund by 960.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 22,204 shares of the company’s stock worth $175,000 after purchasing an additional 20,111 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Western Asset Intermediate Muni Fund during the second quarter worth approximately $248,000. Whitebox Advisors LLC bought a new stake in shares of Western Asset Intermediate Muni Fund during the first quarter valued at approximately $342,000. Alpine Global Management LLC purchased a new stake in shares of Western Asset Intermediate Muni Fund in the first quarter valued at approximately $626,000. Finally, Bank of New York Mellon Corp bought a new position in Western Asset Intermediate Muni Fund in the second quarter worth approximately $818,000.

Western Asset Intermediate Muni Fund Stock Down 1.3 %

Shares of NYSE SBI opened at $8.13 on Thursday. Western Asset Intermediate Muni Fund Inc. has a twelve month low of $6.96 and a twelve month high of $8.29. The business has a fifty day simple moving average of $8.16 and a two-hundred day simple moving average of $7.95.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 21st will be issued a $0.042 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.50 annualized dividend and a dividend yield of 6.20%.

Western Asset Intermediate Muni Fund Profile

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.