Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. lowered its stake in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,181,590 shares of the company’s stock after selling 100,555 shares during the quarter. Sit Investment Associates Inc.’s holdings in Western Asset Intermediate Muni Fund were worth $9,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SBI. Rivernorth Capital Management LLC raised its stake in 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 worth $13,734,000 after acquiring an additional 45,940 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Western Asset Intermediate Muni Fund during the fourth quarter worth about $1,313,000. Avantax Advisory Services Inc. lifted its holdings in shares of Western Asset Intermediate Muni Fund by 2.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 155,610 shares of the company’s stock valued at $1,204,000 after purchasing an additional 4,090 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at about $548,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Western Asset Intermediate Muni Fund in the 4th quarter valued at about $389,000.

Western Asset Intermediate Muni Fund Trading Down 1.7 %

Shares of NYSE SBI opened at $7.74 on Friday. Western Asset Intermediate Muni Fund Inc. has a twelve month low of $7.60 and a twelve month high of $8.29. The stock has a 50 day moving average of $7.83 and a two-hundred day moving average of $7.95.

Western Asset Intermediate Muni Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.042 dividend. The ex-dividend date was Monday, March 24th. This represents a yield of 6.44%.

About Western Asset Intermediate Muni Fund

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.