PKS Advisory Services LLC Takes $95,000 Position in Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

PKS Advisory Services LLC bought a new position in shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF) in the 4th quarter, HoldingsChannel.com reports. The firm bought 14,000 shares of the financial services provider’s stock, valued at approximately $95,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in shares of Western Asset Municipal High Income Fund by 1.5% during the 4th quarter. HighTower Advisors LLC now owns 125,811 shares of the financial services provider’s stock worth $856,000 after buying an additional 1,901 shares during the last quarter. LPL Financial LLC raised its stake in Western Asset Municipal High Income Fund by 7.9% during the 4th quarter. LPL Financial LLC now owns 49,597 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 3,650 shares in the last quarter. Van ECK Associates Corp raised its stake in Western Asset Municipal High Income Fund by 4.2% during the 4th quarter. Van ECK Associates Corp now owns 111,950 shares of the financial services provider’s stock worth $761,000 after acquiring an additional 4,543 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Western Asset Municipal High Income Fund by 14.4% in the fourth quarter. Jones Financial Companies Lllp now owns 62,321 shares of the financial services provider’s stock valued at $424,000 after acquiring an additional 7,843 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Western Asset Municipal High Income Fund by 9.4% in the third quarter. Rockefeller Capital Management L.P. now owns 128,500 shares of the financial services provider’s stock valued at $929,000 after acquiring an additional 11,000 shares in the last quarter.

Western Asset Municipal High Income Fund Trading Down 2.6 %

MHF opened at $7.62 on Thursday. Western Asset Municipal High Income Fund Inc. has a one year low of $6.51 and a one year high of $7.83. The business’s 50-day simple moving average is $7.34 and its 200-day simple moving average is $7.19.

Western Asset Municipal High Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.034 per share. This represents a yield of 5.34%. The ex-dividend date is Monday, March 24th.

Western Asset Municipal High Income Fund Profile

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.