Rivernorth Capital Management LLC Makes New Investment in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Rivernorth Capital Management LLC purchased a new position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,662 shares of the company’s stock, valued at approximately $582,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SBI. Karpus Management Inc. raised its stake in shares of Western Asset Intermediate Muni Fund by 1.5% in the first quarter. Karpus Management Inc. now owns 773,824 shares of the company’s stock worth $7,189,000 after purchasing an additional 11,355 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Western Asset Intermediate Muni Fund by 10.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 324,650 shares of the company’s stock worth $3,016,000 after purchasing an additional 30,695 shares during the last quarter. Whittier Trust Co. raised its position in Western Asset Intermediate Muni Fund by 3.3% during the first quarter. Whittier Trust Co. now owns 258,013 shares of the company’s stock valued at $2,397,000 after acquiring an additional 8,315 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Western Asset Intermediate Muni Fund by 3.5% during the first quarter. Commonwealth Equity Services LLC now owns 221,285 shares of the company’s stock valued at $2,055,000 after acquiring an additional 7,500 shares in the last quarter. Finally, StrategIQ Financial Group LLC raised its position in Western Asset Intermediate Muni Fund by 1.3% during the first quarter. StrategIQ Financial Group LLC now owns 98,973 shares of the company’s stock valued at $919,000 after acquiring an additional 1,308 shares in the last quarter.

Shares of SBI stock opened at $9.82 on Thursday. The firm’s 50 day moving average is $9.67. Western Asset Intermediate Muni Fund Inc. has a twelve month low of $8.61 and a twelve month high of $9.90.

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 1st. Investors of record on Tuesday, August 24th will be given a dividend of $0.0235 per share. This represents a $0.28 annualized dividend and a yield of 2.87%. The ex-dividend date is Monday, August 23rd.

Western Asset Intermediate Muni Fund 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.

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Institutional Ownership by Quarter for Western Asset Intermediate Muni Fund (NYSE:SBI)

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