Western Asset Intermediate Muni Fund Inc. $SBI Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its stake in shares of Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 12.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,804 shares of the company’s stock after selling 2,811 shares during the quarter. HighTower Advisors LLC’s holdings in Western Asset Intermediate Muni Fund were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Carson Advisory Inc. lifted its position in Western Asset Intermediate Muni Fund by 13.2% during the 1st quarter. Carson Advisory Inc. now owns 197,797 shares of the company’s stock worth $1,543,000 after acquiring an additional 23,044 shares during the period. Avantax Advisory Services Inc. lifted its position in Western Asset Intermediate Muni Fund by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 157,567 shares of the company’s stock worth $1,229,000 after acquiring an additional 1,957 shares during the period. Invesco Ltd. lifted its position in Western Asset Intermediate Muni Fund by 69.4% during the 1st quarter. Invesco Ltd. now owns 131,915 shares of the company’s stock worth $1,029,000 after acquiring an additional 54,065 shares during the period. Waverly Advisors LLC raised its holdings in Western Asset Intermediate Muni Fund by 4.6% during the fourth quarter. Waverly Advisors LLC now owns 86,525 shares of the company’s stock worth $670,000 after purchasing an additional 3,766 shares in the last quarter. Finally, Noble Wealth Management PBC raised its holdings in Western Asset Intermediate Muni Fund by 3.5% during the first quarter. Noble Wealth Management PBC now owns 73,335 shares of the company’s stock worth $572,000 after purchasing an additional 2,500 shares in the last quarter.

Western Asset Intermediate Muni Fund Price Performance

NYSE SBI opened at $7.65 on Friday. Western Asset Intermediate Muni Fund Inc. has a 52-week low of $7.30 and a 52-week high of $8.29. The firm has a 50-day moving average price of $7.63 and a 200 day moving average price of $7.63.

Western Asset Intermediate Muni Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 24th will be issued a dividend of $0.042 per share. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, October 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.