Tortoise Investment Management LLC Has $724,000 Stake in Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Tortoise Investment Management LLC trimmed its stake in Western Asset Municipal High Income Fund Inc. (NYSE:MHF) by 37.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,408 shares of the financial services provider’s stock after selling 63,278 shares during the period. Tortoise Investment Management LLC’s holdings in Western Asset Municipal High Income Fund were worth $724,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Western Asset Municipal High Income Fund during the 4th quarter worth about $6,569,000. Van ECK Associates Corp acquired a new position in shares of Western Asset Municipal High Income Fund during the 3rd quarter worth approximately $766,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Western Asset Municipal High Income Fund by 9.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 475,225 shares of the financial services provider’s stock worth $3,232,000 after purchasing an additional 42,433 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of Western Asset Municipal High Income Fund by 28.7% during the 3rd quarter. Prospera Financial Services Inc now owns 115,262 shares of the financial services provider’s stock worth $833,000 after purchasing an additional 25,677 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Western Asset Municipal High Income Fund during the 3rd quarter worth approximately $139,000.

Western Asset Municipal High Income Fund Price Performance

MHF stock opened at $7.40 on Monday. Western Asset Municipal High Income Fund Inc. has a 1-year low of $6.51 and a 1-year high of $7.79. The business’s 50 day simple moving average is $7.19 and its 200 day simple moving average is $7.15.

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 Monday, March 24th will be issued a $0.034 dividend. The ex-dividend date of this dividend is Monday, March 24th.

About Western Asset Municipal High Income Fund

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.