Western Asset Intermediate Muni Fund (NYSE:SBI) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.15 and traded as high as $8.22. Western Asset Intermediate Muni Fund shares last traded at $8.22, with a volume of 26,199 shares traded.

Western Asset Intermediate Muni Fund Stock Performance

The company’s fifty day moving average price is $8.15 and its two-hundred day moving average price is $7.94.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 24th will be issued a dividend of $0.042 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $0.50 dividend on an annualized basis and a yield of 6.12%.

Institutional Trading of Western Asset Intermediate Muni Fund

Large investors have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC raised 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 valued at $175,000 after buying an additional 20,111 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Western Asset Intermediate Muni Fund during the second quarter valued at approximately $248,000. Whitebox Advisors LLC acquired a new stake in shares of Western Asset Intermediate Muni Fund in the first quarter valued at approximately $342,000. Alpine Global Management LLC acquired 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 2nd quarter worth approximately $818,000.

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.