Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Free Report) shares shot up 1% during trading on Friday. The company traded as high as $7.31 and last traded at $7.30. 55,660 shares were traded during trading, an increase of 12% from the average session volume of 49,878 shares. The stock had previously closed at $7.23.
Western Asset Intermediate Muni Fund Trading Up 1.0%
The business’s 50 day moving average is $7.24 and its two-hundred day moving average is $7.65.
Hedge Funds Weigh In On Western Asset Intermediate Muni Fund
Several large investors have recently bought and sold shares of SBI. CoreCap Advisors LLC acquired a new stake in shares of Western Asset Intermediate Muni Fund in the 2nd quarter worth approximately $32,000. Allworth Financial LP bought a new position in shares of Western Asset Intermediate Muni Fund in the third quarter valued at approximately $56,000. 49 Wealth Management LLC bought a new position in shares of Western Asset Intermediate Muni Fund in the second quarter valued at approximately $84,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Western Asset Intermediate Muni Fund during the third quarter valued at approximately $154,000. Finally, Private Advisor Group LLC increased its stake in shares of Western Asset Intermediate Muni Fund by 61.1% during the first quarter. Private Advisor Group LLC now owns 22,035 shares of the company’s stock valued at $169,000 after acquiring an additional 8,357 shares during the period.
Western Asset Intermediate Muni Fund Company Profile
Western Asset Intermediate Muni Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol SBI. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal bonds and other municipal securities.
The fund focuses on intermediate-term municipal obligations issued by states, cities, counties, and other governmental entities, as well as related public-purpose organizations. Its portfolio may include securities financing projects and services such as education, transportation, utilities, health care, and other public infrastructure.
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