Raymond James & Associates Purchases 19,165 Shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Raymond James & Associates increased its position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 111.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,373 shares of the company’s stock after purchasing an additional 19,165 shares during the quarter. Raymond James & Associates’ holdings in Western Asset Intermediate Muni Fund were worth $280,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Fort Point Capital Partners LLC acquired a new stake in Western Asset Intermediate Muni Fund during the 3rd quarter valued at $117,000. Advisor Partners II LLC bought a new position in shares of Western Asset Intermediate Muni Fund in the third quarter valued at about $451,000. AQR Arbitrage LLC lifted its stake in shares of Western Asset Intermediate Muni Fund by 55.7% during the 3rd quarter. AQR Arbitrage LLC now owns 93,622 shares of the company’s stock worth $670,000 after buying an additional 33,473 shares during the last quarter. Finally, Saba Capital Management L.P. boosted its holdings in shares of Western Asset Intermediate Muni Fund by 20.2% during the 3rd quarter. Saba Capital Management L.P. now owns 1,050,901 shares of the company’s stock worth $7,524,000 after buying an additional 176,524 shares during the period.

Western Asset Intermediate Muni Fund Price Performance

Western Asset Intermediate Muni Fund stock opened at $7.67 on Tuesday. The company’s 50-day moving average price is $7.85 and its two-hundred day moving average price is $7.67. Western Asset Intermediate Muni Fund Inc. has a twelve month low of $6.96 and a twelve month high of $8.00.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.042 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.57%.

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.