1607 Capital Partners LLC Has $4.11 Million Stock Holdings in Western Asset Intermediate Muni Fund Inc. $SBI

1607 Capital Partners LLC decreased its position in Western Asset Intermediate Muni Fund Inc. (NYSE:SBI) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 519,897 shares of the company’s stock after selling 74,404 shares during the quarter. 1607 Capital Partners LLC’s holdings in Western Asset Intermediate Muni Fund were worth $4,112,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in Western Asset Intermediate Muni Fund by 55.5% in the second quarter. Invesco Ltd. now owns 205,096 shares of the company’s stock valued at $1,542,000 after buying an additional 73,181 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Western Asset Intermediate Muni Fund by 6.6% during the second quarter. Raymond James Financial Inc. now owns 189,929 shares of the company’s stock worth $1,428,000 after buying an additional 11,720 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of Western Asset Intermediate Muni Fund in the second quarter valued at approximately $982,000. Whipplewood Advisors LLC boosted its holdings in shares of Western Asset Intermediate Muni Fund by 5.1% in the 3rd quarter. Whipplewood Advisors LLC now owns 89,424 shares of the company’s stock worth $707,000 after acquiring an additional 4,338 shares in the last quarter. Finally, Riverbridge Partners LLC acquired a new position in shares of Western Asset Intermediate Muni Fund in the 3rd quarter worth approximately $325,000.

Western Asset Intermediate Muni Fund Stock Performance

NYSE SBI opened at $7.87 on Friday. The stock’s 50 day simple moving average is $7.88 and its 200 day simple moving average is $7.83. Western Asset Intermediate Muni Fund Inc. has a one year low of $7.30 and a one year high of $8.01.

Western Asset Intermediate Muni Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.042 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 6.4%.

Western Asset Intermediate Muni Fund Profile

Western Asset Intermediate Muni Fund (NYSE: SBI) is a closed-end management investment company whose primary objective is to seek a high level of current income exempt from federal income taxes. The fund is sponsored and managed by Western Asset Management Company, a global fixed-income investment firm with a focus on municipal and other debt securities. SBI pursues its goal by investing predominantly in intermediate-duration municipal bonds, aiming to balance yield potential with interest rate risk management.

The portfolio typically comprises a diversified mix of investment-grade and, to a lesser extent, higher-yielding municipal securities issued by state and local governments and their agencies.