Western Asset Intermediate Muni Fund (NYSE:SBI) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.08 and traded as low as $7.73. Western Asset Intermediate Muni Fund shares last traded at $7.77, with a volume of 192,544 shares trading hands.

Western Asset Intermediate Muni Fund Stock Up 0.8 %

The stock has a 50 day moving average of $8.08 and a two-hundred day moving average of $8.03.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a $0.042 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.49%.

Institutional Trading of Western Asset Intermediate Muni Fund

Institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC lifted its position in shares of Western Asset Intermediate Muni Fund by 2.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,674,840 shares of the company’s stock valued at $13,734,000 after acquiring an additional 45,940 shares during the period. Whitebox Advisors LLC grew its holdings in shares of Western Asset Intermediate Muni Fund by 1.2% in the 3rd quarter. Whitebox Advisors LLC now owns 171,438 shares of the company’s stock worth $1,406,000 after acquiring an additional 1,994 shares during the period. 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 purchasing an additional 2,295 shares in the last quarter. Pathstone Holdings LLC raised its holdings in Western Asset Intermediate Muni Fund by 23.6% during the third quarter. Pathstone Holdings LLC now owns 270,171 shares of the company’s stock worth $2,216,000 after purchasing an additional 51,543 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its position in Western Asset Intermediate Muni Fund by 66.1% during the third quarter. Wolverine Asset Management LLC now owns 52,493 shares of the company’s stock worth $430,000 after purchasing an additional 20,884 shares in the last quarter.

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.