Raymond James & Associates Buys 19,165 Shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Raymond James & Associates lifted its position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 111.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 36,373 shares of the company’s stock after purchasing an additional 19,165 shares during the quarter. Raymond James & Associates’ holdings in Western Asset Intermediate Muni Fund were worth $280,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Saba Capital Management L.P. boosted its position in Western Asset Intermediate Muni Fund by 20.2% in the third quarter. Saba Capital Management L.P. now owns 1,050,901 shares of the company’s stock valued at $7,524,000 after buying an additional 176,524 shares in the last quarter. Advisor Partners II LLC bought a new position in shares of Western Asset Intermediate Muni Fund in the third quarter valued at approximately $451,000. AQR Arbitrage LLC boosted its holdings in shares of Western Asset Intermediate Muni Fund by 55.7% in the 3rd quarter. AQR Arbitrage LLC now owns 93,622 shares of the company’s stock worth $670,000 after acquiring an additional 33,473 shares in the last quarter. Finally, Fort Point Capital Partners LLC bought a new stake in Western Asset Intermediate Muni Fund during the 3rd quarter worth approximately $117,000.

Western Asset Intermediate Muni Fund Stock Up 0.1 %

SBI stock opened at $7.67 on Tuesday. The business has a fifty day moving average price of $7.85 and a 200 day moving average price of $7.67. Western Asset Intermediate Muni Fund Inc. has a fifty-two week low of $6.96 and a fifty-two week high of $8.00.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 23rd will be issued a $0.042 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.57%.

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.