Wells Fargo & Company MN Increases Position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI)

Wells Fargo & Company MN lifted its holdings in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,824 shares of the company’s stock after buying an additional 3,450 shares during the quarter. Wells Fargo & Company MN’s holdings in Western Asset Intermediate Muni Fund were worth $347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LexAurum Advisors LLC purchased a new stake in Western Asset Intermediate Muni Fund in the fourth quarter worth $271,000. Noble Wealth Management PBC purchased a new position in Western Asset Intermediate Muni Fund in the 4th quarter worth about $548,000. Raymond James Financial Inc. purchased a new position in Western Asset Intermediate Muni Fund in the 4th quarter worth about $1,313,000. Independent Advisor Alliance purchased a new position in shares of Western Asset Intermediate Muni Fund during the fourth quarter worth approximately $389,000. Finally, HighTower Advisors LLC raised its stake in shares of Western Asset Intermediate Muni Fund by 82.7% during the fourth 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 in the last quarter.

Western Asset Intermediate Muni Fund Trading Down 0.1 %

Shares of NYSE SBI opened at $7.55 on Tuesday. Western Asset Intermediate Muni Fund Inc. has a 52-week low of $7.30 and a 52-week high of $8.29. The stock has a 50 day moving average price of $7.68 and a 200 day moving average price of $7.84.

Western Asset Intermediate Muni Fund Announces Dividend

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

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.