Western Asset Intermediate Muni Fund (NYSE:SBI) Stock Price Passes Above 50-Day Moving Average of $7.76

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.76 and traded as high as $7.84. Western Asset Intermediate Muni Fund shares last traded at $7.83, with a volume of 4,935 shares traded.

Western Asset Intermediate Muni Fund Stock Up 0.3 %

The firm’s 50-day simple moving average is $7.76 and its 200 day simple moving average is $7.80.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 24th will be given a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend is Wednesday, July 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in shares of Western Asset Intermediate Muni Fund by 111.4% in the fourth quarter. Raymond James & Associates now owns 36,373 shares of the company’s stock valued at $280,000 after acquiring an additional 19,165 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Western Asset Intermediate Muni Fund by 108.1% in the fourth quarter. Wolverine Asset Management LLC now owns 5,000 shares of the company’s stock valued at $38,000 after acquiring an additional 2,597 shares in the last quarter. Sar Wealth Management Group LLC bought a new position in shares of Western Asset Intermediate Muni Fund in the fourth quarter valued at approximately $267,000. Bulldog Investors LLP boosted its holdings in shares of Western Asset Intermediate Muni Fund by 8.4% in the fourth quarter. Bulldog Investors LLP now owns 52,697 shares of the company’s stock valued at $391,000 after acquiring an additional 4,065 shares in the last quarter. Finally, AQR Arbitrage LLC boosted its holdings in shares of Western Asset Intermediate Muni Fund by 55.7% in the third quarter. AQR Arbitrage LLC now owns 93,622 shares of the company’s stock valued at $670,000 after acquiring an additional 33,473 shares in the last quarter.

About Western Asset Intermediate Muni Fund

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.