Cambridge Investment Research Advisors Inc. Has $796,000 Stake in Western Asset Municipal High Income Fund Inc. (NYSE:MHF)

Cambridge Investment Research Advisors Inc. lowered its stake in shares of Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Rating) by 2.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 124,834 shares of the financial services provider’s stock after selling 3,278 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.58% of Western Asset Municipal High Income Fund worth $796,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MHF. Rockefeller Capital Management L.P. acquired a new position in Western Asset Municipal High Income Fund in the 3rd quarter valued at approximately $34,000. Ropes Wealth Advisors LLC acquired a new stake in Western Asset Municipal High Income Fund during the fourth quarter worth $89,000. Ancora Advisors LLC bought a new stake in Western Asset Municipal High Income Fund in the 1st quarter valued at $124,000. LPL Financial LLC raised its stake in shares of Western Asset Municipal High Income Fund by 17.2% in the 2nd quarter. LPL Financial LLC now owns 20,395 shares of the financial services provider’s stock valued at $134,000 after buying an additional 3,000 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Western Asset Municipal High Income Fund by 49.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 30,745 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 10,233 shares during the period. Institutional investors own 18.51% of the company’s stock.

Western Asset Municipal High Income Fund Trading Down 0.6 %

Shares of Western Asset Municipal High Income Fund stock opened at $6.37 on Monday. The firm’s 50-day simple moving average is $6.49 and its 200-day simple moving average is $6.52. Western Asset Municipal High Income Fund Inc. has a twelve month low of $6.10 and a twelve month high of $6.99.

Western Asset Municipal High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.0198 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Wednesday, August 23rd.

About Western Asset Municipal High Income Fund

(Get Rating)

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.