Invesco Ltd. Acquires Shares of 77,850 Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Invesco Ltd. bought a new stake in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 77,850 shares of the company’s stock, valued at approximately $603,000.

Several other hedge funds also recently made changes to their positions in SBI. Wells Fargo & Company MN lifted its position in Western Asset Intermediate Muni Fund by 8.3% during the fourth quarter. Wells Fargo & Company MN now owns 44,824 shares of the company’s stock valued at $347,000 after buying an additional 3,450 shares during the period. Avantax Advisory Services Inc. increased its stake 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 worth $1,204,000 after acquiring an additional 4,090 shares in the last quarter. HighTower Advisors LLC lifted its position in Western Asset Intermediate Muni Fund by 82.7% during the 4th quarter. HighTower Advisors LLC now owns 22,615 shares of the company’s stock valued at $175,000 after acquiring an additional 10,240 shares during the period. PKS Advisory Services LLC bought a new stake in Western Asset Intermediate Muni Fund during the fourth quarter worth about $108,000. Finally, LexAurum Advisors LLC purchased a new stake in Western Asset Intermediate Muni Fund in the fourth quarter worth about $271,000.

Western Asset Intermediate Muni Fund Trading Down 0.2 %

SBI stock opened at $7.56 on Friday. The firm has a 50 day moving average price of $7.68 and a 200-day moving average price of $7.85. Western Asset Intermediate Muni Fund Inc. has a 52-week low of $7.30 and a 52-week high of $8.29.

Western Asset Intermediate Muni Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.042 per share. This represents a yield of 6.44%. The ex-dividend date was Monday, March 24th.

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.