Allspring Global Investments Holdings LLC Has $2.21 Million Stock Position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Allspring Global Investments Holdings LLC raised its position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI – Get Rating) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,075 shares of the company’s stock after acquiring an additional 2,700 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Western Asset Intermediate Muni Fund were worth $2,205,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in Western Asset Intermediate Muni Fund in the 2nd quarter valued at approximately $28,000. Captrust Financial Advisors bought a new stake in shares of Western Asset Intermediate Muni Fund in the 2nd quarter valued at approximately $39,000. Dearborn Partners LLC bought a new stake in shares of Western Asset Intermediate Muni Fund in the 3rd quarter valued at approximately $77,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Western Asset Intermediate Muni Fund by 27.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,204 shares of the company’s stock valued at $114,000 after purchasing an additional 3,058 shares during the period. Finally, Hightower 6M Holding LLC grew its stake in shares of Western Asset Intermediate Muni Fund by 16.1% in the 2nd quarter. Hightower 6M Holding LLC now owns 17,202 shares of the company’s stock valued at $139,000 after purchasing an additional 2,384 shares during the period.

Insider Activity

In related news, major shareholder Of America Corp /De/ Bank sold 4 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $23,750.00, for a total transaction of $95,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Western Asset Intermediate Muni Fund Trading Up 0.1 %

SBI stock opened at $7.85 on Friday. Western Asset Intermediate Muni Fund Inc. has a 1-year low of $7.13 and a 1-year high of $9.46. The business’s 50 day moving average is $7.64 and its 200-day moving average is $7.74.

Western Asset Intermediate Muni Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 24th will be paid a $0.023 dividend. The ex-dividend date of this dividend is Monday, January 23rd. This represents a $0.28 annualized dividend and a dividend yield of 3.52%.

About Western Asset Intermediate Muni Fund

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Western Asset Intermediate Muni Fund, Inc operates as a closed-end investment company, which engages in the investment that provides common shareholders a level of current income exempt from regular federal income taxes consistent with prudent investing. The company was founded in 1971 and is headquartered in New York, NY.