Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Stock Position Lowered by Tortoise Investment Management LLC

Tortoise Investment Management LLC lessened its position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 34.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,295 shares of the company’s stock after selling 22,527 shares during the quarter. Tortoise Investment Management LLC’s holdings in Western Asset Intermediate Muni Fund were worth $327,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC increased its stake in Western Asset Intermediate Muni Fund by 22.8% in the 3rd quarter. HighTower Advisors LLC now owns 12,375 shares of the company’s stock valued at $101,000 after buying an additional 2,295 shares during the period. Wolverine Asset Management LLC increased its stake in Western Asset Intermediate Muni Fund by 66.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 52,493 shares of the company’s stock valued at $430,000 after buying an additional 20,884 shares during the period. Noble Wealth Management PBC acquired a new position in Western Asset Intermediate Muni Fund in the 4th quarter valued at approximately $548,000. Rivernorth Capital Management LLC increased its stake in Western Asset Intermediate Muni Fund by 2.8% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock valued at $13,734,000 after buying an additional 45,940 shares during the period. Finally, Pathstone Holdings LLC increased its stake in Western Asset Intermediate Muni Fund by 23.6% in the 3rd quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock valued at $2,216,000 after buying an additional 51,543 shares during the period.

Western Asset Intermediate Muni Fund Stock Performance

Western Asset Intermediate Muni Fund stock opened at $7.82 on Tuesday. The firm’s 50 day moving average price is $7.83 and its two-hundred day moving average price is $8.00. Western Asset Intermediate Muni Fund Inc. has a twelve month low of $7.60 and a twelve month high of $8.29.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be paid a dividend of $0.042 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.50 annualized dividend and a dividend yield of 6.45%.

Western Asset Intermediate Muni Fund Company 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.